- Givex Information Technology Group Limited (GIVX) has announced its financial results for the fiscal year and three-month periods ending Dec. 31, 2021
- Revenue grew 7.1 per cent to $55.2 million in 2021
- POS GTV increased 81 per cent to $269 million in Q4, 2021
- POS gross transaction volume for increased 54 per cent to $793 million in 2021
- Don Gray, CEO of Givex sat down with Shoran Devi to discuss the news
- Givex is a global fintech company
- Givex Information Technology Group Limited (GIVX) opened trading at C$0.99 per share
Givex Information Technology Group Limited (GIVX) has announced its financial results for the fiscal year and three-month periods ending Dec. 31, 2021.
Fiscal year highlights:
- Revenue grew 7.1 per cent to $55.2 million
- Adjusted EBITDA was $8.3 million in 2021 compared to $9 million in 2020
- POS gross transaction volume (GTV) increased 54 per cent to $793 million
Q4 highlights:
- Revenue decreased 4 per cent to $15.2 million primarily due to increased COVID-19 pandemic restrictions in Q4
- POS GTV increased 81 per cent to $269 million
- Adjusted EBITDA was $2.4 million in 2021 compared to $2.9 million in 2020
- POS gross transaction volume increased 81 per cent to $269 million
CEO Don Gray sat down with Shoran Devi to discuss the results.
“Our steady revenue growth and solid earnings reflect Givex’s commitment to increasing revenue with consistent EBITDA margins. We increased our point of sale gross transaction volume by an incredible 54 per cent, and increased our total number of customer locations to 100,000 despite the pandemic-related challenges faced by our retail, restaurant and hospitality partners in 2021.”
Givex is a global fintech company providing merchants with customer engagement, point-of-sale and payment solutions in a single platform.
Givex Information Technology Group Limited (GIVX) opened trading at C$0.99 per share.
