Posabit Systems Stock Price, News & Analysis

POSaBIT Systems (OTC: POSAF), a cannabis industry payments infrastructure provider, reported historic Q2 2025 financial results. The company achieved its first-ever quarterly net profit of $634,736, with Adjusted EBITDA reaching $785,822. Key metrics include Adjusted Revenue of $3.62 million and an improved Adjusted Gross Profit Margin of 78%, up 22% from Q1.

The company strengthened its balance sheet with cash and equivalents of $806,000 as of June 30, 2025, up from $736,000 in Q1. Notable highlights include strong adoption of POSaBIT's eComm online menu, with over 75% of new Point of Sale merchants choosing their solution. Additionally, board members and insiders demonstrated confidence by acquiring over 500,000 shares in July 2025.

POSaBIT Systems Corporation (OTC: POSAF), a leading cannabis industry payments infrastructure provider, has scheduled its Q2 2025 earnings conference call for August 21, 2025 at 4:30 PM ET. The company will discuss results for the quarter ended June 30, 2025.

Investors are invited to submit questions to investors@posabit.com by 12:00 PM ET on August 21, 2025. The most frequently asked questions will be addressed by the CEO during the Q&A session. The call will be accessible via toll-free numbers and will feature a live webcast, with replay options available approximately one hour after the event.

POSaBIT Systems (OTC:POSAF), a leading cannabis industry payments infrastructure provider, held its annual and special meeting of shareholders with all resolutions receiving approval. The key outcomes include: setting the board size at three directors, electing Ryan Hamlin, Michael Apker, and Bruce Jaffe as directors, appointing McGovern Hurley LLP as independent auditor, and approving a future share consolidation with the ratio to be determined by the board.

POSaBIT Systems Corporation reported mixed Q1 2025 financial results, with revenue declining to $2.84M from $3.77M in Q1 2024, but showing improvements in other metrics. The company achieved its highest-ever adjusted gross profit margin of 65% and a 93.5% year-over-year increase in Adjusted EBITDA. Point of Sale and eCommerce segments grew 16%, marking the busiest quarter for POS implementations. Cash position stood at $736K as of March 31, 2025, down from $999K in December 2024. The company completed migration of cost-generating activities to its payments partner and settled its last outstanding legal matter, positioning for reduced expenses going forward. Despite revenue challenges due to payment processing migration, POSaBIT maintained profitability and positive cash flow while experiencing strong growth in its POS system, particularly in Washington State.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a cannabis industry payments infrastructure provider, has scheduled its Q1 2025 earnings conference call for May 30, 2025, at 4:30 PM ET. The call will discuss results for the quarter ended March 31, 2025.

The company is accepting investor questions via email at investors@posabit.com until 12:00 PM ET on May 30, with top questions to be addressed during the Q&A session. The call will be accessible via toll-free numbers (888-506-0062 for US) and webcast, with replay options available approximately 1 hour after completion.

POSaBIT Systems (POSAF) reported its Q4 and full-year 2024 financial results, showing mixed performance. The company's adjusted gross profit increased 19% year-over-year, while Point of Sale store growth exceeded 50%. Key financial metrics include:

- Revenue declined 65% to $15.27M (2024) from $43.57M (2023)
- Gross profit decreased 24% to $7M (2024) from $9.22M (2023)
- Operating costs reduced by 35% to $12.17M
- Net loss improved to $5.71M from $13.76M previous year

The company maintains a strong presence in Washington State, with its Point of Sale system in over 70% of dispensaries and processing over 85% of sales. Their new eCommerce/Menu platform has been adopted by nearly 100 dispensaries since its Q3 2024 beta launch. Cash position stands at $1M compared to $1.5M in 2023.

POSaBIT Systems (CSE: PBIT, OTC: POSAF), a leading cannabis industry payments infrastructure provider, has announced its upcoming fourth quarter and FY 2024 earnings conference call scheduled for April 24, 2025, at 4:30 PM ET.

The company is actively soliciting investor questions prior to the call, which should be submitted to investors@posabit.com by 12:00 PM ET on April 24, 2025. The CEO will address the most frequently asked questions during the Q&A segment.

The conference call will be accessible via toll-free numbers (888-506-0062 for US, 973-528-0011 for international) using participant code 977825, with a webcast available. A replay option will be provided approximately one hour after the event.

POSaBIT Systems (CSE: PBIT, OTC: POSAF) has achieved a significant milestone in Washington State, now processing over 85% of all cannabis point of sale transactions in the region. The company, established in 2015, has expanded its presence to serve more than 500 locations across 20+ states.

As a leading provider of point of sale and payments infrastructure in the cannabis industry, POSaBIT recently launched their ecommerce menus in 2024, offering dispensaries a comprehensive all-in-one tech solution. Washington State, being one of the first two legal cannabis markets in the US, represents a stable cannabis economy where POSaBIT has established strong market dominance.

POSaBIT Systems reported Q3 2024 financial results, marking its second consecutive quarter of positive Adjusted EBITDA, which grew 53% quarter-over-quarter. The company achieved $4.08 million in revenue and an Adjusted Gross Profit Margin of 54%. Notable operational highlights include launching eCommerce menu to ~40 merchants, doubling merchant count in Oregon, and migrating all payment merchants to POSaBIT One platform. The company maintained $900,000 in cash and equivalents, with Adjusted Revenue of ~$5 million and Adjusted Gross Profit of ~$2.7 million for the quarter.