TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended September 30, 2025.
“POSaBIT continues to deliver strong quarterly results, gross margin dollars continue to grow, our cash in the bank is increasing and our recurring monthly revenue due to Point-of-Sale Saas growth was up 22% for the quarter. We also delivered another POSaBIT record by announcing our first nearly $1M Adjusted EBITDA quarter,” said Ryan Hamlin, co-founder and CEO of POSaBIT. “We are positioned for continued growth and strong earnings this year and beyond.”
Hamlin added, “What you are witnessing from POSaBIT is the steady execution of a disciplined and visionary strategy. We are building for the long term with patience, strength, and purpose. We trust that our investors share this conviction as we continue to deliver consistent, exceptional results quarter after quarter.”
Recent Operational Highlights
- The recently launched POSaBIT eComm menu has been met with strong market reception, growing 51% quarter over quarter - demonstrating the desire by merchants to want to have their eComm menu driven by their Point-of-Sale provider.
- POSaBIT reduced the outstanding accounts payable balance quarter over quarter by 41% - reflecting the focus put on paying down debt while still increasing cash.
Balance Sheet
As of September 30, 2025, the Company had cash of $1.2 million compared to $805 thousand as of June 30, 2025.
Financial Results
