Xtm Inc Stock Price, News & Analysis

XTM, Inc. reported impressive financial growth for 2021, achieving a 175% increase in revenue to $2,380,647, up from $853,169 in 2020. The gross profit rose significantly to $755,157, yielding a gross margin of 31.7%. Despite these gains, the company noted a net loss of $4,755,875 for the year. Notably, XTM expanded its customer base by signing 732 new locations, bringing the total to 1,341, and saw a 410% increase in gross dollar value loaded on its platform, reaching over $153MM.

XTM, Inc. is hosting a shareholder update to discuss its operations in the neo-banking sector, specifically targeting the hospitality and personal care industries. The company's innovative solutions facilitate access to earned wages and gratuities via a mobile app and a debit card, enhancing financial flexibility for service workers. Currently, XTM's technology is implemented in numerous establishments across Canada and the U.S., driving operational efficiencies and improving user experiences. For more details, shareholders can join the update or download the presentation deck via links provided.

XTM, Inc. (QB: XTMIF / CSE: PAID), a Miami and Toronto-based fintech firm, is hosting a shareholder update to discuss its growth in the Canadian and US markets. CEO Marilyn Schaffer highlighted the influx of inquiries and the company's progress in adding users and products. The presentation link will be shared prior to the event. XTM specializes in neo-banking solutions, offering a mobile app and debit card to facilitate earned wage and gratuity access for service workers in the hospitality sector. For more details, visit www.xtminc.com.

XTM has successfully integrated with 20 restaurant-focused POS systems, enhancing its mobile banking and payment solutions. This integration allows real-time data transfer between POS software and operational platforms, simplifying access to employee earnings and gratuities. The capability is expected to accelerate the rollout of Earned Wage Access for service workers in the US, potentially improving restaurant operations. XTM aims to streamline integration processes, significantly reducing the time required to connect with multiple systems.

XTM, Inc. (QB: XTMIF / CSE: PAID) has announced the launch of Apple Pay and Google Pay for its U.S. Today™ program users. This fintech initiative aims to enhance customer experience at the point of sale (POS), enabling mobile payments through NFC technology. With Apple Pay already accepted at over 90% of U.S. retailers, the integration is expected to increase POS spending and interchange revenue based on gross dollar value loads. CEO Marilyn Schaffer emphasized a commitment to customer satisfaction and shareholder value through secure payment solutions.

XTM, a fintech company based in Miami and Toronto, launches a mobile wallet, virtual debit cards, and W2 access for over 100,000 hospitality clients in the U.S. This initiative aims to enhance employee access to wages and gratuities through the Today program, starting with W2 access in Q1. CEO Marilyn Schaffer highlighted that this roll-out significantly boosts U.S. market penetration. XTM's services facilitate earned wage access and have potential to increase revenue through heightened engagement on its platform.

XTM, a company based in Miami and Toronto, has announced the re-opening of its dining services at Drake Hotel and additional venues as part of its Today™ instant payout solution for digital employee payouts. With a strong history in hospitality, the Drake brand aims to enhance operational efficiency through XTM's fintech solutions. The restaurant sector continues to face challenges in staff recruitment post-pandemic, and XTM's services aim to address accelerated payout needs, enhancing employee satisfaction and operational excellence.

XTM, Inc. (QB: XTMIF / CSE: PAID) has partnered with Visa to launch a new Visa debit card as part of its Today Program, which provides earned wage and gratuity access to service workers in North America. This program, supported by a mobile app and wallet, aims to enhance employee financial well-being and improve workforce retention. The partnership is expected to leverage Visa’s analytics and insights to facilitate XTM's expansion into the U.S. market, aligning with positive trends in electronic payment methods across the industry.

XTM, Inc. (QB: XTMIF / CSE: PAID) reports that most hospitality organizations using its Today™ Earned Wage and Gratuity program are operational, with plans for expansion. The hospitality sector faces a high turnover rate of 73.8%, and XTM's app helps retain employees by facilitating quick access to earnings. A study shows 81% of workers prefer employers offering on-demand pay. CEO Marilyn Schaffer emphasizes the system's role in improving operational efficiency and employee retention in the struggling hospitality industry.