Payfare to Hold Investor Conference Call to Discuss Second Quarter 2024 Financial Results
Rhea-AI Summary
Payfare Inc. (TSX: PAY, OTCQX: PYFRF) has announced an investor conference call scheduled for August 7, 2024, at 6:30 p.m. ET to discuss its second quarter 2024 financial results. The company expects to release the complete financial results shortly after market close on the same day. A presentation related to the call will be available on Payfare's website prior to the event.
Additionally, Payfare has completed the refiling of its Q1 2024 financial statements and MD&A. The refiled documents now include the auditor's review, following the receipt of the SOC 1 auditor's report from a material vendor on June 30, 2024. Importantly, there are no changes to the financial figures reported for Q1 2024 compared to those previously filed on May 8, 2024.
Positive
- Timely reporting of Q2 2024 financial results
- Completion of Q1 2024 financial statements refiling with auditor review
- No changes to previously reported Q1 2024 financial figures
Negative
- Delay in receiving SOC 1 auditor's report from material vendor
News Market Reaction 1 Alert
On the day this news was published, PYFRF declined 7.94%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Company Also Completes Refiling of First Quarter Financial Statements
A short presentation in connection with the conference call will be made available ahead of time on the Company's website at https://corp.payfare.com/investors/. Management will also host a live question and answer session on the conference call with analysts.
To access the conference call, please dial (289) 514-5100 or 1-800-717-1738. Please call the conference telephone number 10-15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through.
An archived recording of the conference call will be available until September 7, 2024. To listen to the recording, call (289) 819-1325 or 1-888-660-6264 and enter passcode 21617#.
Refiling of First Quarter Financial Statements
The Company also announced today, the completion of the refiling of its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2024 and 2023, together with the notes thereto (the "Q1 2024 Financial Statements") and the related interim management's discussion & analysis for the same periods (the "Q1 2024 MD&A").
The Q1 2024 Financial Statements and Q1 2024 MD&A were refiled today following the completion of the remaining review procedures of the Company's auditors on the Q1 2024 Financial Statements. The refiled Q1 2024 Financial Statements are now auditor reviewed versions of the documents filed previously on May 8, 2024, after the Company received the SOC 1 auditor's report from its material vendor on June 30, 2024, and the Company was able to complete on July 3, 2024, the filing of its audited annual financial statements, management's discussion and analysis, annual information form and related certifications, all for the year ended December 31, 2023.
There are no changes to the financial figures reported for the three months ended March 31, 2024 and 2023 as compared to those previously reported and filed on May 8, 2024.
Copies of each of the refiled Q1 2024 Financial Statements and Q1 2024 MD&A are available on SEDAR+ under Payfare's profile at www.sedarplus.ca.
About Payfare (TSX:PAY)
Payfare is a leading, international Earned Wage Access ("EWA") company powering instant access to earnings through an award-winning digital banking platform for today's workforce. Payfare partners with leading e-commerce marketplaces, payroll platforms, and employers to provide financial security and inclusion for all workers.
View original content:https://www.prnewswire.com/news-releases/payfare-to-hold-investor-conference-call-to-discuss-second-quarter-2024-financial-results-302204574.html
SOURCE Payfare Inc.
FAQ
When will Payfare (PYFRF) release its Q2 2024 financial results?
What is the date and time of Payfare's Q2 2024 investor conference call?
Has Payfare (PYFRF) made any changes to its Q1 2024 financial figures in the refiled statements?
When did Payfare receive the SOC 1 auditor's report from its material vendor?
