UPAY, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2023
January 22, 2024 at 11:09 am EST
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UPAY, Inc. reported earnings results for the third quarter and nine months ended November 30, 2023. For the third quarter, the company reported sales was USD 0.36436 million compared to USD 0.325345 million a year ago. Net loss was USD 0.302077 million compared to net income of USD 0.001092 million a year ago. Basic loss per share from continuing operations was USD 0.02.
For the nine months, sales was USD 1.06 million compared to USD 1.02 million a year ago. Net loss was USD 0.508915 million compared to USD 0.073173 million a year ago. Basic loss per share from continuing operations was USD 0.03.
UPAY, Inc. is a software development company. The Company provides a cloud-based loan origination software system that is compliant with all applicable legislation and enables its customers to grant loans, sell products, pay bills or pay monthly subscriptions on terms, all within its software system. Its software platform features integrated third-party service providers, such as registered payment gateways, credit bureaus, two-way texting, credit protection insurance and decision-making platforms. Its products include Loan Origination System, Theme Studio Business Online, Credit Inquiries, and Credit Protection and Life Insurance, among others. The Loan Origination System provides Automated Credit Provider Administration System (ACPAS), a software system that leases on a monthly basis to customers to manage businesses, clients and processes. Theme Studio Business Online provides customized websites with ACPAS system to customers. It operates through its subsidiary, Rent Pay (Pty) Ltd.
UPAY, INC. 
