Edge Total Stock Price, News & Analysis

Edge Total Intelligence Inc. (OTCQB: UNFYF) announced the integration of ChatGPT with its edgeCore™ platform on March 21, 2023. This strategic enhancement allows for the rapid incorporation of Generative AI solutions into existing enterprise applications without the need for modifications. The integration aims to accelerate knowledge transfer and optimize workflows across thousands of applications. Customers can now access secure data and leverage ChatGPT's capabilities to enhance their business processes efficiently. The integration also supports various uses across different sectors, including Corporate Performance Management and Supply Chain Optimization.

Edge Total Intelligence Inc. (OTCQB: UNFYF) announced an amendment to its credit facility with Lotus Domaine III LP, increasing the line of credit from US$5.1 million to US$5.95 million. This amendment provides the option to convert debt into common shares, aimed at improving the company's debt ratio as it strives for cash-flow positive operations. The credit facility, established on June 1, 2022, has an interest rate of 8% and matures on January 20, 2026. The amendment includes the issuance of a warrant allowing the purchase of 75,000 shares at CA$0.01. The adjustments also support investor marketing initiatives.

Edge Total Intelligence Inc. (OTCQB: UNFYF) provides a 2023 outlook emphasizing significant advancements in operationalizing AI and digital innovations. The company, after facing market challenges, has maintained shareholder value while securing strategic partnerships and contracts, including a US$950M ceiling IDIQ with the U.S. Air Force. EdgeTI aims to expand its annual recurring revenues (ARR) to US$5.1M this year and projects over US$19M by 2027. The company highlights its flagship platform, edgeCore™, which enhances AI implementation and operational efficiency, and anticipates a growth trajectory fueled by a focus on customer adoption and partnerships.

Edge Technologies Inc. has secured a contract to deploy its edgeCore™ platform for the Idaho Environmental Coalition, enhancing real-time situational awareness and decision-making as part of the Idaho Cleanup Project. The contract, announced on March 1, 2023, is a continuation of edgeTI’s collaboration with various U.S. defense entities, which underscores its expertise in environmental management. The IEC's mission includes safe and efficient cleanup operations at the Idaho National Laboratory (INL) site, aimed at reducing environmental liabilities while protecting human health.

Edge Total Intelligence Inc. (OTC: UNFYF) announced on February 21, 2023, the grant of stock options totaling 1,767,500 common shares to its management, employees, and directors. These options are exercisable at C$1.03 per share for five years, with vesting split into thirds over two years. This plan is subject to the approval of the TSX Venture Exchange. Additionally, edgeTI clarified its partnership with Independent Trading Group (ITG) for market-making services, emphasizing that ITG is utilizing its own funds and shares for executing trades. The company's focus remains on enhancing its real-time digital operations solutions.

Edge Technologies, a subsidiary of Edge Total Intelligence (OTC: UNFYF), was recognized as a Sample Vendor for Digital Twins in the Gartner Emerging Tech Impact Radar 2023. This report highlights the fusion of emerging technologies and their influence on hybrid experiences in physical and virtual spaces. CEO Jim Barrett emphasized that this recognition is a strong start to 2023, aiming to enhance client automation journeys through innovative software solutions. Additionally, Gartner's research serves as guidance for tech leaders on emerging technology trends, emphasizing the importance of product development and investment.

Edge Total Intelligence Inc. (OTC: UNFYF) announces a three-year renewal contract with a major global Human Capital Management leader. This renewal marks almost a decade of partnership, showcasing the company's sustained relationship with Fortune 100 clients. The company's innovations in intelligent automation and application connectivity have significantly contributed to customer satisfaction. EdgeTI aims to enhance situational awareness and drive data-driven actions through its edgeCore™ software, which promotes profitability and efficiency by integrating siloed systems.

Edge Total Intelligence Inc. has amended its debt facilities to ease cash flow pressures. The company increased its line of credit from $1.74 million to $5.1 million, extending the maturity to January 20, 2026, with an interest rate rising to 8%. A partial repayment of $3 million was made on the existing note with Salem Investment Partners, which reduced its interest rate from 12% to 6% and extended the maturity to January 1, 2024. Additionally, amendments to convertible promissory notes with management extended the maturity to 2025 and reduced the interest rates. The overall changes are expected to reduce annual interest expenses by $313,000.