IPSI
Innovative Payment Solutions, Inc.0.0140
+0.0020+16.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
Q3 FY2025 results
Innovative Payment Solutions posted zero revenue for Q3 ended September 30, 2025, matching last year while G&A rose 23.5% y/y to $366K on consulting and CEO equity grants. Operating loss widened to $367K from $297K y/y, but net loss hit $22.2M versus $2.2M y/y as derivative liabilities surged $33.3M on repricings—net loss far exceeds operating due to these fair-value changes and $11.7M gain on note repricing. Cash ticked to $7K (up from $526 year-end) on $542K convertible debt inflows, funding $535K operating burn; notes receivable stood at $411K (derived). Debt totals $7.5M, mostly matured and in technical default. Shares exploded to 454M from 19M on conversions. Ongoing litigation risks linger.
8-K
IPSI forms gaming payments JV
Innovative Payment Solutions formed Jetties Partners, LLC joint venture with Brant Point Solutions on October 29, 2025, to develop and market IPSIPay real-time payment solutions for gaming, sportsbook, and casino markets. The LLC operating agreement details contributions and governance. This integrates complementary tech and relationships. No financial terms disclosed.
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.
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