POSaBIT Systems (PBIT) AGM 2024 summary
Event summary combining transcript, slides, and related documents.
AGM 2024 summary
6 Mar, 2026Opening remarks and agenda
Meeting conducted virtually with rules for orderly conduct and electronic voting outlined.
Purpose and agenda set out in the notice of meeting and management information circular.
Proof of service for meeting materials and quorum confirmed.
Financial performance review
Audited consolidated financial statements for the year ending December 31, 2023, and auditor's report presented and taken as received.
Board and executive committee updates
Number of directors set at five for the coming year.
Nominations for directors closed with five individuals proposed: Ryan Hamlin, Don Tringali, Louis Camhi, Mike Apker, and Bruce Jaffe.
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Latest events from POSaBIT Systems
- All resolutions, including director elections and share consolidation, were approved.PBIT
AGM 20256 Mar 2026 - Positive adjusted EBITDA, free cash flow, and record margins achieved in Q2 2024.PBIT
Q2 20246 Mar 2026 - Record Q3 profitability and SaaS growth offset revenue decline, but going concern risk remains.PBIT
Q3 20256 Mar 2026 - Cost cuts and improved margins drove cash flow positivity despite a sharp revenue decline.PBIT
Q1 20243 Feb 2026 - Q3 2024 delivered a $2.1M net loss, revenue drop, and positive adjusted EBITDA growth.PBIT
Q3 202412 Jan 2026 - Revenue fell to $15.3M, but gross margin rose and net loss narrowed on cost controls.PBIT
Q4 202425 Nov 2025 - First-ever net income and record EBITDA achieved despite a 35% revenue decline.PBIT
Q2 202523 Nov 2025 - Gross margin hit 53% and net loss narrowed to $1.12M despite a 23% revenue drop.PBIT
Q1 20259 Nov 2025