- Givex (GIVX) presented its financial results for the three-month period and the six-month period ending June 30, 2022
- Revenue increased from $12.4 million to $16.8 million, noting a 36 per cent growth
- Adjusted EBITDA was $1.0 million against 1.9 million in 2021
- Givex is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform
- Givex Information Technology Group Ltd. (GIVX) is down 15.71 per cent, trading at C$0.59 per share at 3:41 pm ET
Givex (GIVX) presented its financial results for the three-month period and the six-month period ending June 30, 2022.
Three-month period ending June 30, 2022: (with comparisons relative to the three-month period ending June 30, 2021)
- Revenue increased from $12.4 million to $16.8 million, noting a 36 per cent growth
- Adjusted EBITDA was $1.0 million versus $1.9 million in 2021
- Total Gross Transactional Value increased approximately $0.35 billion or 24 per cent to $1.79 billion in Q2 2022
- POS Gross Transactional Value increased approximately $191 million or 122 per cent, to $347 million in Q1 2022
- Customer Locations increased approximately 23,000 or 25 per cent, from 93,000 in Q2 2021 to 116,000 in Q2 2022
Six-month period ending June 30, 2022: (with comparisons relative to the six-month period ending June 30, 2021)
- Revenue increased from $25.4 million to $33.2 million, noting a 31 per cent growth
- Adjusted EBITDA was $2.3 million in 2022 compared to $3.2 million in 2021
- Total Gross Transactional Value increased approximately $0.57 billion or 23 pre cent, to $3.04 billion in 2022
- POS Gross Transactional Value increased approximately $305 million or 109 per cent, to $584 million in 2022
Second quarter operational highlights:
- For the six-month periods ending June 30, 2022 and 2021, Employee Compensation as a percentage of Gross Profit was 55 per cent and 58 per cent respectively. For the 12-month periods ending December 31, 2021 and 2020, Employee Compensation as a percentage of Gross Profit was 55 per cent and 56 per cent, respectively. Givex believes that its ability to reduce Employee Compensation as a percentage of Gross Profit is an indicator of its success in managing costs and profitability.
- Costs to support Givex’s first full year as a public company has added $0.7 million to general and administrative costs for the six months ended June 30, 2022. These costs include both professional fees and investor relations fees, many of which are transitory and one time in nature.
Givex is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform.
Givex Information Technology Group Ltd. (GIVX) is down 15.71 per cent, trading at C$0.59 per share at 3:41 pm ET.
