Paid, Inc.
3.0200+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · PAYD · USD
Key Stats
Market Cap
25.33MP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
8-K
Director David Ogden resigns
10-Q
Q2 FY2025 results
PAID, Inc. posted Q2 FY2025 revenue of $5.4M, up 18% y/y from $4.6M, driven by shipping coordination services that jumped 18% amid Canada Post uncertainties shifting volumes to other carriers; eCommerce services rose 77% y/y, while client services fell 65% y/y on brewery software wind-down. Gross profit climbed to $1.2M with a 22% margin, down 2 points y/y, but operating loss widened to $407K from $76K y/y due to $511K in share-based compensation. Net loss hit $397K or $0.05 per diluted share, versus $770K profit last year, as deferred interest on notes receivable curbed other income; YTD net loss was $546K or $0.07 per share on 8.2M diluted shares, consistent with no dilutive securities. Cash dipped to $1.1M with $252K used in operations, yet management eyes Embolx note repayment for liquidity boost. Ongoing Pratt litigation poses unresolved risks.
10-Q
Q1 FY2025 results
PAID, Inc. posted Q1 FY2025 revenue of $4.4M, up 5% y/y from $4.2M, driven by a 5% rise in shipping coordination and label generation services to $4.3M while client services fell 72% to $2K amid brewery software cancellations. Gross profit held steady at $1.0M, but margins slipped to 23% from 24% y/y as costs climbed. Operating loss widened to $159K from $38K, fueled by 12% higher expenses including marketing, leading to a net loss of $149K or $(0.02) per diluted share—versus $300K profit last year—versus 8.1M weighted shares, with anti-dilutive options excluded. Cash dipped to $751K with $478K used in operations and no capex, yet long-term notes receivable of $4.5M bolster liquidity despite a $762K working deficit. No debt or M&A noted. Ongoing litigation with former executive poses a key risk.
10-K
FY2024 results
PAID, Inc. posted FY2024 revenue of $18.6M, up 12% year-over-year, driven by shipping coordination and label generation services that climbed 13% annually and surged 32% in Q4 amid the Canada Post strike, while client services cratered 48% from brewery software cancellations. Gross profit rose 8% to $4.1M at a steady 23% margin, but operating expenses edged up 4% on new hires, yielding net income of $764K or $0.09 per share—more than double 2023's $353K. Q4 momentum shone through accelerated shipping growth, offsetting eCommerce's modest 4% uptick, with liquidity holding at $1.3M cash despite a $757K investment outflow. No annual guidance disclosed. Yet material weaknesses in internal controls persist, risking financial reporting errors.
10-Q
Q3 FY2024 results
PAID, Inc. posted Q3 revenues of $4.4M, up 8% y/y from $4.1M, driven by an 8% rise in shipping coordination and label generation services to $4.4M amid higher volumes from marketing and sales pushes, while client services dipped 69% y/y to $2.5K on brewery software cancellations. Gross profit climbed 15% y/y to $1.1M, lifting margins to 24% from 23%, yet operating expenses rose 22% y/y to $1.2M on added staff, legal costs, and marketing, yielding an operating loss of $150K, wider than last year's $66K. For the nine months, revenues grew 10% y/y to $13.2M with a $936K net income, fueled by $1.0M in note receivable discount accretion and $159K interest income; diluted EPS of $0.12 reconciles to 8.1M shares. Cash dipped to $1.1M from $2.1M year-end, with $143K used in operations and $755K in investing for notes receivable, but net working capital stands at $3.8M. No non-GAAP metrics disclosed in the 10-Q. Ongoing litigation with former executive poses a key risk.
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