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How did payfare perform in Q1 2024?

Payfare generated net income of $5.1 million, and Adjusted net income per share 1 of $0.15 in Q1 2024. The Company has also provided an update on its Audited Annual Filings. Payfare generated unaudited net income of $4.9 million, and Adjusted net income per share 1 of $0.15 in Q4 2023. The Company has also provided an update on its Annual Filings.

When will payfare complete its annual filings?

Payfare continues to anticipate that it will complete its Annual Filings by May 22, 2024. The Company will issue a news release announcing completion of filing of the Annual Filings at such time as they are completed and filed.

What is payfare's embedded Finance program?

Payfare launched a new embedded finance product with an international big box retailer, to provide earnings payouts to the retailer's delivery gig workforce in Canada. The Company expects to announce additional details of this program as it completes the enrollment phase.

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