POSaBIT Systems (TSE:PBIT) has released an update.
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POSaBIT Systems Corporation has announced a strong start to 2024 with a focus on profitability and growth, reporting a $2.3 million Adjusted Gross Profit with 50% margins in Q1 and a March Annualized Adjusted Gross Profit of $10 million. The company has overcome earlier payment challenges, thanks to its diversified payment options and growing Point of Sale market share. Highlighting operational successes, POSaBIT launched a new mobile payment app and expanded its Point of Sale installations, positioning itself for sustained financial health.
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