|Bid||0.2450 x 0|
|Ask||0.2550 x 0|
|Day's Range||0.2400 - 0.2650|
|52 Week Range||0.1500 - 0.5100|
|Beta (5Y Monthly)||1.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the increased or continued industry interest in the Corporation's product, converting existing sales interest and installations into revenue, generating new sales opportunities, effectively and efficiently utilizing the Corporation's resource and the ability to deal with business disruptions or opportunities as a result of the Covid-19 pandemic constitute forward-looking statements.
Subscription revenue increased 8.6% in Q1 2020 to $329K compared to $303K in Q1 2019. Gross profit as a percentage of sales ("Gross Margin") improved to 81.9% in Q1 2020 compared to 81.4% recorded in Q1 2019. Adjusted EBITDA in Q1 2020 was lower by $29K (negative $267K in Q1 2020 vs negative $238K in Q1 2019) as a result of higher selling, general and administrative expenses partially offset by lower research and development expenses.
Subscription revenue increased 85.8% in 2019 to $1,304K compared to $702K in the prior year. Subscription revenue increased 31.1% in the fourth quarter of 2019 to $329 compared to $251K for the same period in 2018. Gross profit as a percentage of sales ("Gross Margin") improved to 80.8% during 2019 compared to 73.7% recorded in 2018.
Katipult Technology Corp. (CVE:FUND) shareholders have seen the share price descend 24% over the month. But looking...
In addition, Mr Breese will be joining the Board as a Director of the Company, also effective January 6th, 2020 and also subject to regulatory approval. Mr Breese brings to Katipult extensive leadership experience in business software and a proven track record of driving transformative growth and building value at high growth tech firms including ServiceMax, SAP, Business Objects, Apple and Oracle.
CALGARY, Jan. 2, 2020 /CNW/ - Mr. Brock Murray and Mr. Pheak Meas (the "Grantors") hereby announce that they have each granted options (the "Options") to acquire 1,750,000 common shares (the "Common Shares") in the capital of Katipult Technology Corp. (the "Company") from their personal holdings to Mr. Gord Breese (the "Optionee"), the newly appointed Chief Executive Officer and Director of the Company. The Options will be exercisable at a price of $0.20 per Common Share for a period of five years from the date of grant, vesting in equal portions annually on December 31, 2020 through 2023, resulting, upon full exercise of the Options, in $350,000 of aggregate consideration to each Grantor. Immediately prior to closing of the grant, each of the Grantors held 18,375,000 Common Shares, representing approximately 26.8%, individually, of the current issued and outstanding Common Shares.
If you own shares in Katipult Technology Corp. (CVE:FUND) then it's worth thinking about how it contributes to the...
Q3 2019 saw Katipult's highest-ever recorded quarterly subscription revenue and was its seventh consecutive quarter of increased subscription revenues. Subscription revenue increased by 94% to $365K in Q3 2019 compared to the $188K recorded in Q3 2018. On a year-to-date basis, Subscription Revenue more than doubled from $451K in the nine months of 2018 to $975K for the same period in 2019.
Potential Katipult Technology Corp. (CVE:FUND) shareholders may wish to note that the Independent Director, Brian...
VANCOUVER, Sept. 26, 2019 /CNW/ - Katipult Technology Corp. (TSXV:FUND.V - News) ("Katipult" or the "Company"), provider of an industry leading and award-winning cloud-based software infrastructure for digitizing and automating private placements, is pleased to announce the addition of ATB Financial to its growing client list. "We continue to execute our deliberate strategy at Katipult to move up market and to demonstrate our value proposition in the enterprise market. ATB Financial is another example of that strategy's success and we look forward to working with the ATB Financial team on their innovation plans" said Brock Murray CEO of Katipult.
CALGARY, Sept. 25, 2019 /CNW/ - Katipult Technology Corp. (TSXV:FUND.V - News) ("Katipult" or the "Company") announces that it has granted restricted share units (the "RSUs") under the Company's Restricted Share Unit Plan (the "RSU Plan") to each of its three independent directors and its Board Secretary (the "RSU Recipients"). Each RSU represents the right to receive one common share of the Company upon vesting.
VANCOUVER , Sept. 23, 2019 /CNW/ - Katipult Technology Corp. (TSXV:FUND - Frankfurt: K10) (" Katipult " or the " Company ") announces that the co-founders of Katipult, Mr. Brock Murray ...
Ben Cadieux has been instrumental since  in being the architect of the award-winning Katipult Platform and in leading technical development of the platform. At the same time, Doug Mclean, CTO since the Company's listing in 2017, now steps down as an officer, but will remain with the Company in a part time capacity, focusing his efforts on special projects and product innovation.
VANCOUVER, Aug. 26, 2019 /CNW/ - Katipult Technology Corp. (TSXV:FUND.V - News) ("Katipult") is pleased to announce that it has entered into a license agreement with a provincial financial institution for the deployment of the Katipult platform for a three year term. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
VANCOUVER, Aug. 12, 2019 /CNW/ - Katipult Technology Corp. ("Katipult" or the "Corporation"), an industry leading and award winning fintech company, is pleased to announce its second quarter (Q2) financial results for the three-month period ended June 30, 2019. Q2 2019 was Katipult's sixth consecutive quarter of higher subscription revenues and marks the Company's highest recorded subscription revenue. Subscription revenues increased by 124% in Q2 2019 compared to Q2 2018.
VANCOUVER, Aug. 12, 2019 /CNW/ - Katipult Technology Corp. ("Katipult" or the "Company") (TSXV:FUND.V - News) today announced the voting results from its annual and special meeting of shareholders held August 12, 2019 in Vancouver, British Columbia. David Jaques and Paul Sun did not stand for re-election as Directors. Accordingly the size of the Board has been reduced to five (from seven) with the Independent Directors being Marcus Shapiro, Jeff Dawson and Brian Craig, and the Executive Directors being Katipult's Co-Founders, Brock Murray and Pheak Meas.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
VANCOUVER, July 15, 2019 /CNW/ - Katipult Technology Corp. (TSXV:FUND.V - News) ("Katipult" ) is pleased to announce that it has entered into an agreement with an independent Canadian investment dealer for the deployment of the Katipult platform for the automation of the electronic execution and delivery of documents for private placements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including, but not limited to, the Company's product will continue to operate as expected, the industry will continue to see value in the Company's product.