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    PERK   CA71401N1050

PERK LABS INC.

(PERK)
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Perk Labs Inc. Signs Agreement with Century Restaurant Group

06/08/2021 | 08:35am EDT

Perk Labs Inc. announced that it has launched a reseller program for its restaurant payment solution and that Century Restaurant Group has signed an agreement to be its first reseller partner. Perk believes that its reseller program offers companies and individuals a lucrative income-generating opportunity in the rapidly growing business of digital payments and ordering. Under the reseller program, resellers have the right to sell Perk's restaurant ordering and payment solution to restaurants and receive a share of the revenue received on every order. Perk's restaurant solution includes QR code payment, PayByPhoto, order from table, pre-order and pick-up, self-managed delivery and Perk's proprietary digital loyalty program. By working with resellers, Perk will be able to scale up its business without having to hire a large sales and operations workforce that would be required to physically support brick & mortar restaurants across North America. Pursuant to the terms of the agreement with Century, Perk will receive a recurring annual fee in addition to a percentage share of transaction fees. Century will have exclusive reseller rights for the restaurant vertical in the Greater Vancouver region and Perk will provide technical support. The agreement also includes a minimum sales target for Century to achieve over a three-year period.


ę S&P Capital IQ 2021
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Financials
Sales 2020 0,06 M 0,05 M 0,05 M
Net income 2020 -4,49 M -3,62 M -3,62 M
Net cash 2020 0,93 M 0,75 M 0,75 M
P/E ratio 2020 -1,74x
Yield 2020 -
Capitalization 14,4 M 11,7 M 11,6 M
EV / Sales 2019 93,7x
EV / Sales 2020 111x
Nbr of Employees 16
Free-Float 96,7%
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Managers and Directors
Jonathan Hoyles Chief Executive Officer & Director
Norman Tan Chief Financial Officer
Gary Zhang Chief Technology Officer
Liang Zou Chief Operating Officer
Kirk Herrington Independent Director
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