XTM Inc. Achieves 34% Revenue Growth in 2024, Expands Client Base

XTM ( (TSE:PAID) ) just unveiled an update.

XTM Inc. reported a 34% year-over-year revenue increase to $9.1 million for 2024, driven by demand for its payment solutions. The company added 689 new business locations, increasing its total to over 3,500, and saw a 40% rise in active users on its Today platform. Operational efficiencies were achieved through reduced overhead and strategic partnerships, including a CAD $13 million credit facility with Pateno Payments and a USD $3 million processing agreement, which are expected to significantly cut costs and support growth. The company’s focus on achieving cash flow positivity and scaling operations positions it well for future expansion.

Spark’s Take on TSE:PAID Stock

According to Spark, TipRanks’ AI Analyst, TSE:PAID is a Underperform.

The overall stock score of 38 reflects XTM’s significant financial distress, highlighted by negative profitability and high financial risk. While there are some short-term positive signals in technical analysis, the lack of earnings and dividend yield detracts from the stock’s valuation appeal.

To see Spark’s full report on TSE:PAID stock, click here.

More about XTM

XTM Inc. is a global fintech innovator with offices in Toronto and Miami, specializing in automated tip calculations, instant payouts, and Earned Wage Access solutions through its AnyDay™ platform. The company serves sectors such as restaurants, hospitality, personal care, and staffing, supporting major North American brands like Earls, Marriott Hotels, and Live Nation.

Average Trading Volume: 117,449

Technical Sentiment Signal: Sell

Current Market Cap: C$10.55M

See more data about PAID stock on TipRanks’ Stock Analysis page.