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Payfare (TSE:PAY)
TSX:PAY
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.15Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2021
|% Change Since: 83.96%
|Next Earnings Date:Mar 31, 2021
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging period for Payfare due to the nonrenewal of the DoorDash contract, which is a significant setback. However, the company is actively pursuing new opportunities in the gig economy and maintains a strong financial position, which provides some optimism for future potential. The strategic review process aims to address concentration risks and explore diversification options.Company Guidance
During the Q3 2024 earnings call for Payfare, executives provided guidance for the upcoming year, emphasizing the company's financial and strategic outlook. Despite the nonrenewal of the DoorDash contract, Payfare remains optimistic about its financial prospects, projecting $50 million to $60 million in revenue from existing programs, excluding contributions from DoorDash. The company is actively engaged in discussions to diversify its revenue streams and mitigate concentration risks, considering options like acquisitions and strategic partnerships. Payfare's balance sheet is strong, with over $100 million in cash and equivalents as of September 30, 2024, positioning it well to navigate this transition. Although the DoorDash contract nonrenewal impacts the company, Payfare is exploring new business opportunities, including two significant U.S.-based gig economy prospects, which could offset the lost DasherDirect Gross Dollar Volume (GDV) on a fully ramped basis. The company also highlighted growth in its partnerships with Lyft and Uber, noting a 50% increase in active Lyft Direct users year-to-date and a more than fivefold increase in users for Uber Pro Card compared to the legacy program.Active Pipeline of New Opportunities
Payfare has two significant U.S.-based gig economy opportunities under review, which could potentially offset the loss from DoorDash. These opportunities have progressed to technical, operational, and commercial due diligence stages.
Strong Performance with Lyft and Uber
Payfare's programs with Lyft and Uber continue to achieve record activity levels. Active Lyft Direct users increased by more than 50% year-to-date, and users on Payfare's Uber Pro Card program have increased by more than 5x compared to the legacy program.
Financial Stability and Cost Management
Payfare has over $100 million in cash, cash equivalents, and guaranteed investment certificates as of September 30, 2024. The company is in a position to rightsize G&A expenses to match revenue profiles of ongoing business.
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TSE:PAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$2.12 | C$2.09 | -1.42% |
| Aug 07, 2024 | C$7.35 | C$7.58 | +3.13% |
| May 08, 2024 | C$6.90 | C$6.95 | +0.72% |
| Apr 25, 2024 | C$6.00 | C$6.62 | +10.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Payfare (TSE:PAY) report earnings?
Payfare (TSE:PAY) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Payfare (TSE:PAY) earnings time?
Payfare (TSE:PAY) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PAY EPS forecast?
TSE:PAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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