Perk Labs Inc. (OTCQB: PKLBF) has partnered with InComm Payments to distribute digital gift cards in Canada through its Perk Hero mobile commerce platform. This agreement enables Perk Hero to create in-app programs and manage digital gift card offerings efficiently. CEO Jonathan Hoyles highlighted the growing demand for gift cards, predicting this will drive future growth. The global gift card market is projected to reach $1,922.87 billion by 2027, indicating significant market potential for Perk Labs' expansion.
Perk Labs Inc. announced its Q3 2020 financial results, reporting a revenue of $10,000, up 7% from Q3 2019, and a significant increase from $2,000 in Q2 2020. The company achieved a net loss of $744,000, a noticeable improvement compared to a loss of $3,679,000 in the same period last year. Key developments include the launch of dropshipping capabilities, marketing initiatives, and the introduction of multiple e-commerce features in the Perk Hero app. The company has also successfully reduced general and administrative expenses to $1,335,000.
Perk Labs Inc. has appointed Mr. Daniel Zou as the new Chief Operating Officer. Previously an advisor and Head of Business Development for Alipay Canada, Zou will focus on enhancing revenue growth and optimizing product offerings. His compensation includes 800,000 restricted stock units on a two-year vesting schedule. The Company has also revamped its website to attract a broader audience. Perk Labs aims to improve its mobile commerce platform, Perk Hero, which delivers cashback rewards to consumers.
Perk Labs Inc. (CSE:PERK, OTCQB:PKLBF) announced a partnership with EasyPark to offer mobile parking payments through the Perk Hero app at select locations in downtown Vancouver. This collaboration aims to enhance user convenience and safety while earning loyalty rewards as traffic returns to pre-pandemic levels. CEOs Jonathan Hoyles and Nigel Bullers emphasized the importance of integrating effective technology for a seamless experience. As customers seek safe payment options, this partnership supports the ongoing demand for contact-free solutions during British Columbia's Phase 3 Restart.
Perk Labs Inc. has introduced a new feature called web pay on its Perk Hero platform. This allows customers to make contact-free payments via a web browser without downloading the app, catering to those who prefer quick transactions, such as tourists and spa clients. Users can pay using credit cards or mobile wallets like Apple Pay and Google Pay. By using web pay, customers are encouraged to download the app for future purchases to receive cash back rewards. CEO Jonathan Hoyles emphasizes this innovation as vital for enhancing customer experience and driving revenue for businesses.
Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) has announced the launch of new m-commerce features within its Perk Hero platform, enabling support for dropshipping merchants. This addition allows businesses to create mobile storefronts, enhancing customer engagement and providing a new revenue stream. CEO Jonathan Hoyles stated that the platform caters to both e-commerce and brick-and-mortar businesses without needing inventory or shipping capabilities. Perk Hero will promote these merchants through targeted digital advertising, aimed at boosting customer acquisition and sales.