Perk Labs Stock Price, News & Analysis

Perk Labs (OTCQB: PKLBF) announced plans to expand its mobile commerce platform, Perk Hero, across Canada through a new franchise model. The initiative aims to attract entrepreneurial partners who can leverage blockchain technology and earn recurring SaaS revenue. Franchisees will provide local businesses with mobile payment solutions and digital loyalty programs, enhancing customer engagement. The franchise offering will be showcased at the Canadian Franchise Association's virtual show starting on October 18, 2021.

Perk Labs Inc. (OTCQB: PKLBF) announced an engagement with the Jonah Group to develop Perk Coin as a cryptocurrency. This initiative focuses on creating a blockchain-based digital reward system emphasizing security, speed, and environmental sustainability. The collaboration aims to enhance Perk Coin's utility as a loyalty reward for mainstream consumers, providing a new way to interact with digital assets. The Jonah Group's extensive experience in blockchain technologies is expected to ensure high-quality cybersecurity and product outcomes.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) announced its Q2 2021 financial results, reporting a net loss of $1.3 million, compared to a loss of $1.2 million in Q2 2020. Revenue decreased to $1,085 from $1,811 due to a shift in sales recognition methods. The company holds $1.9 million in cash and $2.0 million in marketable securities, allowing for continued investment in R&D and marketing. Operational highlights include an agreement with InComm for digital gift card distribution and the launch of a new merchant referral program aimed at expanding its platform.

Perk Labs Inc. (OTCQB: PKLBF) provided a corporate update highlighting significant improvements and strategic initiatives. Key developments include technology updates, enhanced cybersecurity, and an internal reporting system to boost analytics and business growth. The company has partnered with large dropshipping suppliers, expanding its product range by over 600 items. It is also exploring a new licensing model for high-margin revenue and intends to upgrade Perk Coin into a blockchain-based digital reward. These initiatives position Perk for future growth in the evolving digital commerce landscape.

Perk Labs Inc. (OTCQB:PKLBF) announced the results of its Annual General and Special Meeting held on June 9, 2021. Shareholders approved all proposed matters, including the election of five directors with approval rates between 86.65% and 90.07%. Additionally, the appointment of Saturna Group as auditors received 95.82% approval. Amendments to the restricted share unit plan and stock option plan were also approved, gaining 79.38% and 79.43% approval, respectively. The company focuses on mobile commerce and offers eco-friendly products and digital gift cards.

Perk Labs Inc. (OTCQB: PKLBF) has launched a reseller program for its restaurant payment solution, with Century Restaurant Group as its first partner. This initiative aims to enhance the scalability of Perk's mobile ordering and payment solutions across North America. Resellers will earn a share of transaction fees. Perk will also benefit from a recurring annual fee. Additionally, Perk’s platform now offers Amazon.ca digital gift cards, available for purchase using Perk Coins.

Perk Labs Inc. (OTCQB: PKLBF) announced a partnership with BitPay to accept cryptocurrency payments via its mobile commerce platform, Perk Hero. This integration will enable customers to pay with Bitcoin, Ethereum, and other cryptocurrencies, enhancing payment options and lowering costs compared to traditional credit card transactions. The partnership aligns with Perk's strategy to utilize blockchain technology for digital loyalty rewards. Additionally, Perk has filed a provisional patent for a technology aimed at improving the efficiency of cryptocurrency transactions.

Perk Labs Inc. (OTCQB: PKLBF) announced a significant technology upgrade for its Perk Hero mobile commerce platform. This includes a new merchant payout system, a universal shopping cart, and a single sign-on feature to enhance user experience. The payout system aims for improved payment processing and faster innovation, while the universal shopping cart allows for multi-merchant purchases. The company plans to migrate merchants to the new system by month-end. Additionally, marketing expert Michelle Berg has been appointed as the new Director of Marketing.

Perk Labs Inc. (OTCQB:PKLBF) has launched its digital gift card offering in the United States, enhancing its mobile commerce platform, Perk Hero. This initiative follows Perk's expansion into the U.S. market and aims to improve the shopping experience by providing customers with a convenient way to purchase, gift, and earn rewards on digital gift cards. Initially, available categories include popular retailers like Barnes & Noble and Bed Bath & Beyond. With a significant increase in demand for digital gift cards, Perk is well-positioned to capitalize on this e-commerce trend.