POSaBIT Overview

  • Founded
  • 2015
Founded
  • Status
  • Public
  • Stock Symbol
  • PBIT
Stock Symbol
  • Investments
  • 2
  • Share Price
  • $0.22
  • (As of Monday Closing)

POSaBIT General Information

Description

POSaBIT Systems Corp is a financial technology company. The company provides a point of sale systems and blockchain-enabled payment processing methods with a focus in the cannabis sector. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada.

Contact Information

Website
www.posabit.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Electrical Equipment
Other Industries
Other Financial Services
Stock Exchange
CNQ
Primary Office
  • 1128 8th Street
  • Kirkland, WA 98033
  • United States

POSaBIT Timeline

2018201920202021
Financing Round
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POSaBIT Stock Performance

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.22 $0.21 $21.2M 97.3M 48K -$0.03

POSaBIT Financials Summary

In Thousands,
USD 		TTM 30-Sep-2020 FY 2019 31-Dec-2019 FY 2018 31-Oct-2018
EV 6,453 3,739
Revenue 6,483 4,175 0
EBITDA (2,814) (5,125) (104)
Net Income (3,606) (5,511) (104)
Total Assets 3,049 2,022 132
Total Debt 446 424
Public Fundamental Data provided by Morningstar, Inc. disclaimer

POSaBIT Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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POSaBIT Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion
Price		 % Owned

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POSaBIT Executive Team (5)

Name Title Board Seat Contact Info
Ryan Hamlin Co-Founder, Chief Executive Officer & Board Member
Stephen Gledhill Chief Financial Officer
Andrew Sweet Chief Technology Officer, Technology
Jon Baugher Co-Founder, Board Member & Executive
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POSaBIT Board Members (7)

Name Representing Role Since
Jeff Dossett Self Chairman & Board Member 000 0000
Jon Baugher POSaBIT Co-Founder, Board Member & Executive 000 0000
Michael Markette Self Board Member 000 0000
Mike Apker Self Board Member 000 0000
Paul Fiore Self Board Member 000 0000
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POSaBIT Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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POSaBIT Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000000 00000000 05-Apr-2019 000000000000000000 Holding Companies 0000 000000
DoubleBeam 01-Jan-2018 Merger/Acquisition Financial Software 0000 000000
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POSaBIT Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000000 01-Jan-2018 000000000000000000 Completed
  • 0000000
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