Mon, Jun 2, 8:44 PM (14 days ago)
**UPAY, Inc. (UPYY) Financial Summary (2025)** **Financial Performance:** - **Revenue:** $715,269 (down from $1,394,408 in 2024) - **Net Loss:** $540,062 (improved from $736,191 in 2024) - **Operating Expenses:** $953,220 (down from $1,416,478 in 2024) - **Earnings Per Share:** $(0.03) (improved from $(0.04) in 2024) **Strategic Overview:** - **Acquisitions:** Controlled interest in AML GO (Pty) Ltd and full ownership of Huntpal LLC. - **Market Focus:** Expansion in Southern Africa, with plans for U.S. market entry. - **Product Services:** ACPAS (loan administration), AML GO (compliance), and Huntpal (hunting finance). **Future Outlook:** - **Growth Plans:** Focus on AML GO's U.S. rollout and Huntpal's expansion. - **Funding:** Plans to meet cash needs through existing business and potential equity financing. **Risk Factors:** - **Economic Conditions:** Vulnerability to economic downturns. - **Funding:** Need for adequate working capital. - **Competition:** Increased competitive pressures. **Financial Condition:** - **Cash Position:** $55,362 (down from $642,846 in 2024) - **Working Capital Deficit:** $(386,487) (worsened from $(229,865) in 2024) - **Liabilities:** Significant liabilities including notes payable and lease obligations. **Market Position:** - **Customer Concentration:** Revenue concentrated among two customers. - **Market Presence:** Strong in South Africa, with plans for U.S. expansion. **Changes and Impact:** - **Operational Changes:** Closure of Grapevine sales office, focus on Dallas for U.S. operations. - **Financial Changes:** Reduction in operating expenses and cost-control measures. **Governance and Compliance:** - **Cybersecurity:** Implementation of policies and controls to mitigate cyber risks. - **Regulatory Compliance:** Adherence to U.S. and South African regulations, including the National Credit Act. **Shareholder Information:** - **Outstanding Shares:** 16,595,211 - **Market Value:** $11,616,648 (as of May 12, 2025) **Dividend Policy:** - **No Dividends:** No cash dividends declared or paid, with no plans for future dividends. **Management and Governance:** - **Board and Management:** Key executives include Jacob C. Fölscher (CEO/CFO) and Randall F. Greene (COO). - **Governance:** Board acts as nomination and audit committees; no formal policies for related party transactions. **Conclusion:** UPAY, Inc. faces significant financial challenges but is strategically positioning itself for growth through acquisitions and market expansion. The company's focus on cost control and strategic investments aims to improve its financial condition and market position. However, it continues to rely on equity financing and operational efficiency to sustain its business.