- Givex Information Technology Group Limited (GIVX) has announced its financial results for the three-month period ending March 31, 2022
- Revenue grew by 26 per cent from Q1, 2021 to $16.3 million in Q1, 2022
- POS gross transactional value increased by 93 per cent to $237 million in Q1, 2022
- Adjusted EBITDA was $1.3 million in 2022
- Don Gray, CEO of Givex sat down with Coreena Robertson to discuss the results
- Givex is a global fintech company
- Givex Information Technology Group Limited (GIVX) opened trading at C$0.60 per share
Givex Information Technology Group Limited (GIVX) has announced its financial results for the three-month period ending Mar. 31, 2022.
Fiscal year highlights:
- Revenue increased to $16.3 million
- Adjusted EBITDA was $1.3 million in 2022
- POS gross transactional value increased from $123 million in Q1 2021 to $237 million in Q1 2022
- Customer locations increased to 115,000 in Q1 2022
CEO Don Gray sat down with Coreena Robertson to discuss the results.
“Revenue grew 26 per cent this quarter, to $16.3 million, along with a corresponding increase in our number of customer locations, to 115,000. POS Gross Transactional Value also increased by 93 per cent to $237 million, reflecting our gains in the POS market. Compared to the start of 2021, many more of our merchants are now operating at near capacity and their need for our services is greater than ever. Our solutions in customer engagement and data are also critical to how businesses are competing for market share in this post-pandemic landscape.”
“This quarter, our strategic acquisitions of Kalex and Loyalty Lane brought in large client bases that are not current Givex users, representing a significant opportunity to upsell them Givex services. They also brought important IT installation and support services in-house, as well as strengthened our service offerings in the grocery and convenience store verticals,” he added.
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$0.60 per share.