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XTM ( (TSE:PAID) ) just unveiled an announcement.
XTM Inc. has announced that the Canadian Public Accountability Board (CPAB) issued an enforcement report against its auditor, Abu-Farah Professional Corporation, identifying significant inspection findings related to the audit of XTM’s financial statements for the fiscal year ended December 31, 2023. The report highlighted multiple deficiencies in audit procedures, including non-compliance with professional standards and insufficient documentation. As a result, the auditor is prohibited from accepting new reporting issuer clients, and a remediation plan is underway, with updates expected by Q4 2025.
Spark’s Take on TSE:PAID Stock
According to Spark, TipRanks’ AI Analyst, TSE:PAID is a Neutral.
The company’s financial performance is the most significant factor, with persistent losses and financial instability posing substantial risks. Technical analysis supports a bearish outlook, while valuation concerns further weigh on the stock’s attractiveness. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:PAID stock, click here.
More about XTM
XTM Inc., operating as AnyDay, is a fintech company specializing in automated tip pooling, instant payouts, and Earned Wage Access (EWA) through its AnyDay™ platform.
Average Trading Volume: 112,086
Technical Sentiment Signal: Sell
Current Market Cap: C$9.23M
For detailed information about PAID stock, go to TipRanks’ Stock Analysis page.