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.
Partial view of Summaries dataset, powered by Quartr API
Latest events from POSaBIT Systems
- Gross profit rose 29% YoY to $1.95M with 92% margin and strong cash growth in Q1 2026.PBIT
Q1 202629 May 2026 - Positive adjusted EBITDA and margin growth, with new product launches and POS expansion.PBITQ3 202422 May 2026
- Record Q3 adjusted EBITDA, 22% SaaS growth, and 87% margin with strong cash gains.PBITQ3 202522 May 2026
- Record profitability, cash growth, and AI-driven expansion set up double-digit growth for 2026.PBITQ4 202523 Apr 2026
- All resolutions, including director elections and share consolidation, were approved.PBITAGM 20256 Mar 2026
- Positive adjusted EBITDA, free cash flow, and record margins achieved in Q2 2024.PBITQ2 20246 Mar 2026
- Cost cuts and improved margins drove cash flow positivity despite a sharp revenue decline.PBITQ1 20243 Feb 2026
- Revenue fell to $15.3M, but gross margin rose and net loss narrowed on cost controls.PBITQ4 202425 Nov 2025
- First-ever net income and record EBITDA achieved despite a 35% revenue decline.PBITQ2 202523 Nov 2025