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  • May 8, 2024

      Show headlines and story abstract
    • 5:05PM ET on Wednesday May 08, 2024 by CNW Group
      Companies Mentioned: PYFRF

      COMTEX_452082801/2669/2024-05-08T17:05:32

    • 5:05PM ET on Wednesday May 08, 2024 by PR Newswire
      Companies Mentioned: PYFRF

      Payfare generated net income of $5.1 million, and Adjusted net income per share1of $0.15 in Q1 2024. The Company has also provided an update on its Audited Annual Filings.

      Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF),a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, today announced the filing of its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ending March 31, 2024. A comprehensive discussion of Payfare's financial position and results of operations are provided in the MD&A, which is filed on SEDAR+ under Payfare's profile and can be found at www.sedarplus.ca.

    • 5:05PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: PAY

      The table below reconciles net income to Adjusted net income for the three months ended March 31, 2024 and 2023.
      Three Months Ended March 31, ------------------------- In CAD $ 2024 2023 ------------------------------------------------- ------------ ----------- Net income $ 5,108,563 $ 1,288,876 Add: Amortization of intangible assets 1,220,356 571,983 Depreciation of building, property and equipment 25,624 35,516 Restructuring expense/other 500,987 614,490 Share based compensation 601,586 941,693 Adjusted net income(1) $ 7,457,116 $ 3,452,558 ------------------------------------------------- ------------ -----------
    • 5:05PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: PAY

      The table below reconciles net income to Adjusted net income for the three months ended March 31, 2024 and 2023.
      Three Months Ended March 31, In CAD $ 2024 2023 Net income $ 5,108,563 $ 1,288,876 Add: Amortization of intangible assets 1,220,356 571,983 Depreciation of building, property and equipment 25,624 35,516 Restructuring expense/other 500,987 614,490 Share based compensation 601,586 941,693 Adjusted net income(1) $ 7,457,116 $ 3,452,558
    • 5:05PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: PAY

      The table below reconciles net income to Adjusted net income for the three months ended March 31, 2024 and 2023.
      Three Months EndedMarch 31, In CAD $ 2024 2023 Net income $ 5,108,563 $ 1,288,876 Add: Amortization of intangible assets 1,220,356 571,983 Depreciation of building, property and equipment 25,624 35,516 Restructuring expense/other 500,987 614,490 Share based compensation 601,586 941,693 Adjusted net income(1) $ 7,457,116 $ 3,452,558

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