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Banxa Holdings, Inc. (TSE:BNXA)
:BNXA
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.02Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 26, 2021
|% Change Since: 38.16%
|Next Earnings Date:Feb 25, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Banxa with strategic expansions in licensing and market reach, alongside cost efficiencies and new partnerships. However, there are ongoing market challenges and operational losses that need to be addressed.Company Guidance
During Banxa's Q1 2025 earnings call, the company's leadership highlighted several key metrics and strategic initiatives. The company's transaction volume (TTV) for 2024 was approximately $1 billion, and they expressed confidence that reaching $1.5 billion in TTV annually would lead to profitability, given their current net take rate of 2.8% to 3.2%. They are expanding their reach, now servicing over 170 countries and embedding their services in more than 300 crypto platforms, with exposure to over 1 billion users globally. Their operational focus includes obtaining key licenses, such as the U.K. crypto license and U.S. money transmission licenses, to enhance product offerings and achieve cost savings. The company is also working on unbundling their technology stack to tap into new markets like cross-border remittances and commerce payments. Banxa plans to shift its corporate offices to the U.S. in 2025, aiming to strengthen partnerships and investor engagement, while also considering reporting financials in USD instead of Australian dollars. The management emphasized their commitment to maintaining expense control and prudent capital allocation to ensure sustainable growth and profitability.Expansion of Licensing and Market Reach
The company is activating U.K. crypto licenses and U.S. MTL licenses, which will provide cost savings and product flexibility. They've applied for a European markets and crypto assets license in the Netherlands.
Improved Financial Metrics
Net take rate is currently at the upper range of 3.2%, and gross profit has improved by 10% year-on-year. Core business activity saw a 16% increase year-on-year.
Operational and Cost Efficiency
Significant reduction in foreign exchange costs and cost of capital, with cheaper lending facilities secured. The company has maintained flat operating expenses despite increased business volume.
Partnerships and Product Developments
New partnerships with big-name companies like Exodus, CoinW, and Opera MiniPay were established. Product innovations include reducing user journey friction with Google Sign-in and Express Checkout.
Strategic U.S. Expansion
Plans to establish a corporate office in a major U.S. city in 2025 to improve engagement with U.S. investors and expand marketing efforts.
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TSE:BNXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BNXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 28, 2024 | C$0.76 | C$0.79 | +3.95% |
| Sep 05, 2024 | C$0.40 | C$0.40 | 0.00% |
| May 21, 2024 | C$0.68 | C$0.69 | +1.47% |
| Feb 27, 2024 | C$0.72 | C$0.75 | +4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banxa Holdings, Inc. (TSE:BNXA) report earnings?
Banxa Holdings, Inc. (TSE:BNXA) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Banxa Holdings, Inc. (TSE:BNXA) earnings time?
Banxa Holdings, Inc. (TSE:BNXA) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BNXA EPS forecast?
TSE:BNXA EPS forecast for the fiscal quarter 2025 (Q2) is -0.02.
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