Business Wire·Nov 12, 2026, 4:01 PM ET

POSaBIT Reports Third Quarter 2026 Financial Results

POSaBIT Systems Corporation reported Q3 2026 revenue of $2.31 million, a 2% decrease year-over-year.
Gross profit increased 6% year-over-year to $2.02 million, with the gross profit margin rising 6 percentage points to 87%.
The Point of Sale business revenue grew 39% year-over-year in the quarter.
Adjusted Revenue for the quarter was $3.05 million, calculated by adding licensing cash receipts and deducting licensing support revenue.
Adjusted Gross Profit reached $2.76 million, resulting in an Adjusted Gross Profit Margin of 90%.
The Company reported an Adjusted EBITDA of $638,776 for the quarter.
Cash and cash equivalents stood at approximately $2.9 million as of September 30, 2026, down from $3.34 million in June 2026.
The Company prepaid $1 million toward its loan with Perga Capital Partners ahead of schedule.
The Company launched two AI investments: a new POSaBIT MCP server for direct data access & a refreshed back-end merchant portal.
The Brand Portal for producers & processors has gained significant traction in Washington, with most top cannabis brands now live on the platform.
Operating loss narrowed by 76% year-over-year to $122,692.
The Company announced a conference call scheduled for November 12, 2026, at 4:30 PM Eastern Time to discuss results.