• During the period ended September 30, 2021 the Company’s revenue increased by 117% to $862K compared to $397K during the three months ended June 30, 2021 and had an increase of 327% when compared to $202K for the period ended September 30, 2020. With the continued easing of restrictions in hospitality and personal care businesses combined with significant new onboarding of customers and increases in active user counts with existing customers across Canada and the US, the Company is experiencing increases to its Gross Dollar Value loads (“GDV”), which is directly correlated to an increase in revenue.
• XTM experienced increased velocity in new customer acquisitions signing up 334 new locations from across Canada and the US during Q3, an increase of 217 or 185% from 117 in Q2, 2021.
• Gross dollar value (“GDV”) loaded on the Company’s platform was over $48MM for Q3 2021, an increase of 111% from $23MM in Q2 2021, and an increase of 309% from just under $12MM in Q3 2020. GDV is key performance indicator as the Company generates revenue when money is spent from the Today wallet at a point-of-sale in-store or online.
• Active users on the Company’s Today platform increased by 235% from the period ended September 30, 2020, and an increase of 58% from the period ended June 30, 2021. The Company classifies an active user as one who has had transactions within a 30 day period. |
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