mozozo
commented on a stock · Jun 1, 2021 23:07
360% Q1 revenue growth y-o-y
$Tesla (TSLA.US)$ $PEAK FINTECH ORD(PKKFF.US)$
Q1 revenue grew from $3,949,395 to $14,239,776, around 360%!
Q1’21 revenues are almost equal to Q4’20 revenues despite having almost an entire month less of activity in Q1 due to Chinese New Year holiday that took place in Feb. The % of costs related to supply-chain services are trending downwards and it will likely contribute to future positive EBITDA.
FY21 revenues are looking good to beat 100mil!
Business outlook for 2021 from MD&A filing:
- “The company plans to build on the momentum and take a bold and aggressive approach to growing its revenue and expand its business operations in 2021”
- ”Peak finds itseld in position to potentially begin to be compared to some of the world’s better-known Fintech platforms if it is able to capitalize on the opportunities it has managed to create for itself”
- Regarding the prospectus public offering - ”the public’s strong positive response to the offering eventually pushed the Company to revise the upper limit of the proposed financing, which may end up being pegged at twice or even three times the original amount”
- “This would not only allow Peak to more aggressively expand its business operations in China, but it would also help facilitate the Company’s planned expansion of the Cubeler Lending Hub ecosystem to North America”
- “The Company will also make a concerted effort to connecr with Asian investors and investment professionals in 2021. Peak recently added two full-time Asian IR resources to its staff and plans to launch Mandarin and Cantonese versions of its website by the end of the second quarter of 2021, leading to an eventual application to have its securities listed on the Hong Kong Stock Exchange by the end of 2021”
*This is not financial advice, do your own research and due diligence. The above list is non-exhaustive and just some of my personal takeaways.
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