Givex (TSX:GIVX, OTCQX:GIVXF) Information Technology Group Limited has announced third-quarter 2022 revenue that climbed 26% year over year to C$18.4 million, along with a 23% increase in customer locations to 118,000.
The fintech company also said its total Gross Transactional Value for the quarter rose 19% to C$1.34 billion.
“POS (point of sale) Gross Transactional Value for the nine months also increased by 83% to $960 million, which highlights our continued gains in the POS space,” Givex (TSX:GIVX, OTCQX:GIVXF) Information Technology Group CEO Don Gray said in a statement.
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“This quarter, we signed agreements with major multi-unit merchants and expanded the depth of our relationships with existing clients,” Gray added.
Givex also noted that for the nine-month period ending September 30, 2022, it recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of C$3.3 million, along with C$2.1 million in cash flows provided by operating activities.
The company added that its team will continue to focus on growth with positive EBITDA and cash flow.
Givex is a global fintech company providing merchants with customer engagement, POS and payment solutions, all in a single platform.
The company is integrated with more than 1,000 technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Its platform is used by some of the world's largest brands in 116,000 locations across more than 100 countries.
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