Hank Payments Corp. (TSE:HANK) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hank Payments Corp. reported a 31% revenue increase to $1.9 million in the third quarter of 2024 and a 20% year-over-year growth, with a strong gross margin of 91%. The growth is attributed to a new Canadian licensing agreement and expansion in the auto and EDU sectors, despite a short-term increase in operational losses due to product development. Strategic partnerships and a growing customer base in the auto channel, boasting a 32% growth and 238 active dealers, are set to further strengthen Hank’s financial position.
For further insights into TSE:HANK stock, check out TipRanks’ Stock Analysis page.
