IPSI
Innovative Payment Solutions, Inc.0.0140
+0.0020+16.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.87MP/E (TTM)
-Basic EPS (TTM)
-0.30Dividend Yield
0%Recent Filings
10-Q
8-K
Restated articles filed
Innovative Payment Solutions, Inc. filed restated articles of incorporation on October 3, 2025, effective immediately after shareholder approval, boosting authorized shares of common and preferred stock while clarifying capital structure and par values. This move empowers the board to designate preferred stock series with tailored rights. It streamlines governance. Yet administrative tweaks dominate the changes.
10-Q
Q2 FY2025 results
Innovative Payment Solutions posted zero revenue for Q2 FY2025 ended June 30, 2025, matching last year while operating expenses dropped 58% y/y to $171K, mainly from lower salaries after executive changes. Yet net loss exploded to $22M from $798K y/y, driven by $15.2M in convertible note repricing losses and $6.6M fair value hit on price-protected warrants, plus a $1.4M deemed dividend—net loss far outpaced operating loss due to these non-cash derivative swings. Cash edged up to $20K on $417K new convertible debt funding, but total liabilities ballooned to $34M amid $5.6M convertible debt and $1.9M notes payable, most in technical default. The joint venture IPSIPay Express remains pre-revenue, with no distributions. Warrants dilute heavily on anti-dilution resets. Litigation risks linger from unsettled employee claims.
10-Q
Q1 FY2025 results
Innovative Payment Solutions posted no revenue for Q1 FY2025 ended March 31, 2025, matching the prior year, while operating expenses dropped 59% y/y to $254K, trimming the operating loss to $255K from $627K. Yet net loss ballooned to $3.75M from $331K, driven by a $2.49M hit from convertible debt anti-dilution adjustments and $1.62M in fair-value warrant repricings, widening the gap between operating and net figures by over 20% due to these derivative movements. Cash dwindled to $57 from $526 q/q amid $224K used in operations, offset by $223K in fresh convertible debt; total debt stands at $5.2M net convertible plus $1.8M notes, all technically in default but undeclared. The IPSIPay Express joint venture, holding a 22% stake, remains pre-revenue after full impairment. Ongoing litigation with ex-employees poses settlement risks.
10-K
FY2024 results
Innovative Payment Solutions wrapped FY2024 with no revenue, down from a negligible $410 in 2023, as the IPSIPay Express joint venture remained pre-launch amid ongoing development hurdles. The full-year net loss narrowed to $4.6 million from $5.8 million, driven by slashed general and administrative costs—down 47% to $1.9 million—after axing marketing deals and professional fees, though Q4 bore the brunt of a $4.3 million anti-dilution hit on convertible notes. No quarterly breakdowns emerged, but momentum stalled with the venture's full impairment at year-end, wiping $705K off the books. Liquidity teetered on $526 cash against $10.4 million working capital deficit, fueled by $5 million in maturing debt; no dividends or buybacks, just $1.3 million in fresh notes for survival. No outlook disclosed. Yet regulatory shifts in digital payments loom large.
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