dumbof
2年前
https://ceo.ca/@accesswire/perk-labs-announces-completion-of-merger-with-getit,
by @accesswire on 2 Mar 2023, 08:31
Perk Labs Announces Completion of Merger with Getit
VANCOUVER, BC / ACCESSWIRE / March 2, 2023 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT:PKLB) ("Perk" or the "Company") and Getit Technologies Inc. ("Getit") are pleased to announce they have completed their previously announced merger to create a leading solutions company in digital ordering, loyalty, and last mile logistics. The acquisition was completed by way of a share exchange, pursuant to which the Company issued an equivalent value of $4.655M in common shares of the Company at a deemed price of $0.025 per share in exchange for all of the issued and outstanding shares of Getit.
Ryan Hardy, the CEO of Getit, who is now the new CEO of the Company, said, "The merger of Perk Labs and Getit is an exciting milestone for both companies. By bringing together our technologies and expertise, we will be able to accelerate the development of innovative delivery, digital ordering and loyalty solutions that help merchants engage and retain customers. I am thrilled to lead the combined company and work with our talented team to drive growth and create value for our customers and shareholders."
Jonathan Hoyles, former CEO of the Company who is now the Chief Legal Officer, said, "The closing of this merger represents an exciting new chapter for the Company. We are thrilled to join forces with Getit to create a stronger, more innovative company that is better positioned to capitalize on the growing demand for our products. The combination of Perk Hero and Getit's technology platforms will provide merchants with a powerful, easy-to-use solution that will help them build deeper relationships with their customers and grow their businesses."
As part of the merger, the Company will be changing its name and ticker symbol to reflect the combined entity. The new name and ticker symbol will be announced in a future press release, and the Company will provide additional information on the rebranding process and timing. The new name and ticker symbol will better reflect the Company's expanded product offerings, vision, and mission to provide innovative and integrated delivery, digital ordering and loyalty solutions to merchants and consumers. The Company is committed to ensuring a seamless transition for its customers, shareholders, and stakeholders, and will provide updates as they become available.
Concurrent with the closing of the merger, the Company entered into a lock-up agreement with the four largest shareholders of Getit (the "Lock-Up Agreement"). Pursuant to the Lock-Up Agreement, the four largest shareholders have agreed not to sell, assign or otherwise transfer the common shares of the Company received, other than pursuant to certain exceptions described in the Lock-Up Agreement. The lock-up period expires on February 28, 2024.
In connection with the merger, Steve Cadigan and James Topham have stepped down from the Board of Directors of the Company. The Company would like to thank Mr. Cadigan and Mr. Topham for their valuable contributions and wish them all the best in their future endeavors. Newly appointed to the Board of Directors of the Company are the co-founders of Getit, Ben Lacroix and Ryan Hardy, CEO of the Company. Patrick Power will assume the position of Audit Committee Chair, succeeding James Topham.
About Perk Labs Inc.
Perk Labs is the owner of Getit and Perk Hero, the company specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information contact:
Ryan Hardy
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
dumbof
2年前
by @accesswire on 22 Sep 2022, 14:30
Perk Labs Announces New Director of Sales
VANCOUVER, BC / ACCESSWIRE / September 22, 2022 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT:PKLB) ("Perk Labs" or the "Company") the owner of Perk Hero, the digital franchise company helping businesses transition to the digital economy, is pleased to announce that it has hired Manon Roy as its new Director of Sales. Ms. Roy has over 15 years of business to business sales experience and worked with top 1000 companies and built relationships with key decision-makers at major brands. Her experience includes selling enterprise software, SaaS, professional services, IT solutions, web-based marketing platform solutions, and custom development solutions.
"I am excited to welcome Manon to our team," said Jonathan Hoyles, CEO of Perk. "The timing to bring on a sales leader could not be more perfect as we are ready to scale and expand our business across North America. Manon's extensive experience as a sales leader and proven track record of connecting and creating opportunities with C-level executives will be invaluable to execute on Perk's next chapter of growth."
"Throughout my career, I've had the fortune to lead sales teams at both established leaders and innovative technology startups," said Ms. Roy. "I see enormous opportunity for Perk's innovative ordering, payment and loyalty software to solve many of the problems currently facing the hospitality industry. We are at a pivotal moment where hospitality businesses are adopting digital technologies to address the ongoing labour shortage and inflation challenges and innovation is happening at a faster rate than at any point in the industry's history. I am excited to roll up my sleeves and execute on this opportunity and help Perk grow quickly to support as many businesses in the hospitality industry as possible."
In her new role as Director of Sales, Mr. Roy will be responsible for developing Perk's sales team and growing Perk Hero's network of merchants with a focus on acquiring new enterprise accounts.
About Perk Labs Inc.
Perk Labs Inc. is the owner of Perk Hero, the digital franchise company helping businesses transition to the digital economy. Perk Hero provides restaurateurs with friendly and reliable digital ordering, payment and loyalty tools to help them survive and thrive in a difficult economic environment. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information on a Perk Franchise, visit www.perkfranchise.com.
For more information, contact:
Jonathan Hoyles CEO
(833) 338-0299
investors@perklabs.io
dumbof
2年前
Perk Labs Provides Corporate Update
by Perk Labs | 2022 September 14 | News | 0 comments
Vancouver, Canada / September 14, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the company helping businesses transition to the digital economy, is pleased to provide a corporate update on its product traction, sales and growth plans, product roadmap, marketing and rebranding, cost reductions and financing initiatives, and investor relations activities.
Product Traction
Our business has evolved dramatically in the past year, as we changed our business model from a transaction based B2C marketplace to a B2B software-as-a-service subscription based model. In the second and third quarters of the year we recruited our first few subscription-based paying customers – this was critical work as these customers helped us validate and refine our product, improve our product positioning, and provide us with important social proof.
We are continuing to sign up new paying customers and continue to see increases in the number of orders through our platform.
Sales and Growth Plans
With much of the heavy R&D work now completed to get our platform robust and scalable and building upon our early successes in signing new customers, we are now moving to a “sales-first organization”: We recently engaged a consultant with deep domain knowledge in the hospitality software space to work with our sales team, completed a review of the state of our sales program and made several improvements on how to increase our execution in lead generation, market positioning and partnership opportunities.
We’ve recruited a new Director of Sales who will be focused on signing up larger customers and enterprise accounts. We plan to make a further announcement about this within the next two weeks. We’ve also recently added to our sales team by engaging Allenton Deazle as a sales executive, and aim to add three sales representatives across Canada. As part of Mr. Deazle’s compensation, he will be compensated in shares of the Company.
We also have ongoing discussions with a group in the United States whom we plan to partner with to grow our presence in the U.S. We expect to make an announcement in the next 30 days.
As part of our growth plan, we are also developing partnerships with several distribution channel partners, including partnerships with a large reseller of digital services, a major point-of-sales provider, a nationwide payment processing and loyalty provider, and we are pursuing a partnership with a well-known hospitality equipment provider. We believe that forming partnerships with the right incentives in place such as mutual referral programs is the way that we can significantly scale customer growth through a much broader distribution of our products.
We will provide further updates on these partnerships as they develop and progress.
Product Roadmap Update
Providing an update on the Company’s product roadmap, Gary Zhang, CTO of Perk said “Omnichannel order management is the foundation of our next-generation membership-based sales and marketing solution. Our product team is working on the top 5 sales order channels: QR-based on-site orders, pickup orders, neighbourhood delivery orders, reservation orders and subscription orders. Our team plans to complete work on reservations and subscriptions by the end of October 2022. In the last quarter of 2022, our product team will deliver more advanced functions such as an advanced reward system, white-label customization, notification-driven omnichannel marketing and branded token.”
By adding subscription orders, the Company believes it will open up additional revenue opportunities by being able to support many other types of businesses that require recurring subscription-based payments such as club and gym memberships, fitness studios, services and product subscriptions.
With respect to blockchain and NFT technology, the Company believes that while much of the hype and excitement that captured the market’s attention surrounding blockchain and NFT technologies in the earlier part of the year has cooled, there still exists very practical uses of blockchain in the loyalty space and that NFTs can be a tool to provide access to things like club memberships or executing a subscription to a service. The Company plans to further develop its loyalty token on the Solana blockchain to provide a white-label loyalty platform to brands that will also include NFTs as a mechanism for unlocking memberships, subscriptions, events, and special benefits. As validation of this business opportunity, Starbucks recently announced that it is launching its own NFT marketplace with exclusive Web3 benefits for its members:
https://stories.starbucks.com/press/2022/starbucks-brewing-revolutionary-web3-experience-for-its-starbucks-rewards-members/
Rebranding
To better reflect our new direction, we are currently working with a branding expert and plan to unveil our new brand in October with updates to our website, messaging and marketing materials.
Cost Reductions and Financing Initiatives
We’ve taken several steps to reduce our monthly cash burn and, unfortunately, over the past few months, had to let go of a few team members. Another planned cost reduction measure is to phase out our digital gift card offering for which we currently incur a minimum monthly fee.
As previously announced, to increase our cash position, we recently sold over $600,000 in Hero Innovation Group stock. We are also exploring other ways to increase our cash position, including potential equity, debt financing and special bank loan programs that are available as part of Government of Canada programs for startups.
Investor Relations Activities
We also plan to ramp up our investor relations activities to help build Company awareness and increase exposure within the global investment community. As previously announced, the Company has engaged MarketOne, Stockhouse and Proactive Investors, and plans to ramp up its activities through those partners, including attending investor conferences and videos and articles on media platforms such as the Financial Post and Business News Network (BNN Bloomberg).
About Perk Labs Inc.
Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
For more information contact:
Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
dumbof
2年前
by @accesswire on 25 Aug 2022, 14:30
Perk Labs Announces New Customers and Reservation Feature
VANCOUVER, BC / ACCESSWIRE / August 25, 2022 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT: PKLB) ("Perk" or the "Company"), the Company helping businesses go digital, is pleased to announce a new vertical for its custom branded app with the signing of iBEAUTI Skincare, and that it will be expanding its product offering by adding a new reservation feature.
"We are excited by the opportunities that the development of our new reservation feature offers. In addition to improving our offering for restaurants, we can support many new verticals with our custom app offering, including salons, health and wellness, fitness and studios," said Perk CEO, Jonathan Hoyles. "This also improves the value of our franchise offering and opens up many new potential revenue opportunities for our digital franchisees."
"Our new reservation feature will make our custom branded app offering even more powerful. Businesses can now use our platform for online ordering, pickup and delivery, and in-store QR code payment. With the addition of the reservation feature, we are closer to being the leading omnichannel solution provider," said Perk CTO, Gary Zhang. "We believe there is a strong market fit for this suite of products and features, as traditional businesses increasingly adopt digital tools. Our team is excited by the momentum we see as our pipeline of customers continues to grow."
The Company also announced today that it has signed its first restaurant location in Montreal, Ta Chido Snackbar. Recently a competitor, the Sunday App, whose Canadian operations were based in Montreal, announced that it exited the Canadian market, which has opened up opportunities for the Company to acquire new accounts previously held by the Sunday App. Perk has also signed up a number of new restaurants in Vancouver and is seeing strong and steady growth in the number of users, orders and payments placed through its platform.
About Perk Labs Inc.
Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the company empowering business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information on a Perk Franchise, visit www.perkfranchise.com.
For more information contact:
Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
dumbof
3年前
by @accesswire on 25 May 2022, 14:30
Perk Labs Signs Franchise Agreement
VANCOUVER, BC / ACCESSWIRE / May 25, 2022 / Perk Labs Inc. (CSE:PERK) (OTCQB:PKLBF) (FKT:PKLB) ("Perk" or the "Company"), the digital franchise company helping businesses transition to the digital economy, today announced that it signed a franchise agreement for the territory of Downtown Toronto.
"We are delighted to be expanding into the Toronto area. Our whole team invested a substantial amount of effort into our product over the last few months to set us up for scalability on the East Coast," said Perk's Interim VP of Sales, Justin Strange. "We've received substantial interest in Toronto and the surrounding area from both prospective franchisees and restaurants and we are energized by the prospect of bringing our solution to so many great operations located in the Toronto area. The team at Perk Hero is more than excited to take another big step forward and welcome our new franchisee who is a very accomplished entrepreneur with extensive years of experience operating his own successful enterprise as a supplier to restaurants. We plan to work closely with our franchisee to grow the Perk Hero brand in the downtown Toronto area where the demand for technology in the hospitality industry is very high, and continue the company's forward momentum of our "Restaurant Rescue" program which is designed to help restaurants navigate the post-pandemic harm, current labour shortage as well as crippling inflation."
Through Perk Hero, franchisees can offer restaurants a solution that provides the convenience of mobile ordering and payment combined with a powerful digital loyalty program and customer relationship management software. Unlike brick & mortar franchises, as a Perk Hero digital franchise, owners do not have to take on significant overhead and can build a growing recurring software-as-a-service (SAAS) revenue stream in their local marketplace. All franchisees have access to Perk Hero's online portal that provides powerful analytics, merchant management, promotional tools, support and training.
"Perk Hero offers a unique opportunity for franchise partners to own a leading-edge technology business and offer restaurants access to a solution to the paralyzing labour shortage and the skyrocketing inflation" said Perk CEO, Jonathan Hoyles. "We are thrilled to partner with our new franchisee and bring our powerful software solution to restaurants and their guests in Toronto."
About Perk Labs Inc.
Perk Labs Inc. (CSE:PERK) (OTCQB:PKLBF) (FKT:PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information on a Perk Franchise, visit www.perkfranchise.com.
For more information contact:
Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
dumbof
3年前
Perk Labs Receives Mobile Payment Patent
by Perk Labs | 2021 November 9 | News | 0 comments
Vancouver, Canada / November 09, 2021 / Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) (“Perk Labs” or the “Company”), the parent company of Perk Hero, the mobile commerce platform with perks on mobile payments, eCommerce, and digital gift cards, today announced the issuance of a new U.S. patent that protects the Company’s rights to one of its inventions for enabling the payments of invoices and bills using a mobile device. U.S. Patent No. 11,170,354 is the first patent issued to Perk Hero.
“We are pleased to enhance our intellectual property protection with this new patent issuance,” said Jonathan Hoyles, CEO, Perk Labs. “This new asset strengthens our licensing programs as we can now license patent-protected technology to potential licensees and franchisees. Ultimately, the grant of this patent symbolizes the underlying capabilities of Perk as an innovative technology disruptor.”
Perk Hero also has the following patent applications pending:
Canadian, Australian and European patent applications are pending for the above referenced invention for enabling the payments of invoices and bills using a mobile device
Canadian patent application is pending for another invention for enabling the payments of invoices and bills using a mobile device and wireless electronic transactions
S. and Canadian patent applications are pending for an invention that allows orders and payments initiated from traditional websites on any platform to be secured via mobile devices utilizing anti-fraud technology
S., Australian, Canada, and the UK patent applications are pending for an invention for transferring cryptographic tokens.
The Company anticipates that it will file additional patent applications as it continues to develop its innovative technology.
About Perk Labs Inc.
Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to make shopping and dining experiences more engaging, convenient, and rewarding. Perk Hero is used to order and pay at restaurants, for online shopping and to buy digital gift cards from top brands. The platform features Shopify integration, contactless payments using Apple Pay, Google Pay, BitPay and Alipay, its own digital currency called Perk Coin, a gamified loyalty program, pre-order and pick up, and in-store payments with a QR code. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com. For more information on a Perk Franchise, visit www.perkfranchise.com.
For more information contact:
Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
Jordan Shafi
Account Manager
CHF Capital Markets
(416) 868-1079 x 233
jordan@chfir.com
dumbof
3年前
Perk Labs Selects Solana and Provides Update on Cryptoreward Development Vancouver, Canada / October 21, 2021 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the mobile commerce platform with perks on eCommerce, mobile payments and digital gift cards, today announced its plans to build its crypto loyalty reward with Solana, the fastest-growing ecosystem in crypto technology. Solana is a decentralized blockchain built to enable scalable, user-friendly apps. According to the Solana white paper, the Solana network could theoretically process 710,000 transactions per second (TPS) using a 1 gigabit per second network connection. According to the project’s website, the average transaction fee is $0.00025, far lower than the cost of the average Ethereum transaction at the time of this press release. Solana Labs, the company behind the network's software, raised more than $300 million in a token sale led by big-name investors such as Andreessen Horowitz and Polychain Capital. The price of Solana’s SOL token has soared this year as more and more teams decide to build their crypto projects on the Solana blockchain. The SOL token made its debut only 18 months ago and a year ago was worth less than $2 and as of yesterday traded at over U.S. $180. “Our goal is to build a crypto loyalty reward program that brings crypto to mainstream consumers by rewarding them for purchases made online and in brick & mortar establishments” said Jonathan Hoyles, CEO, Perk Labs. “After an extensive review of available options, we decided that the Solana blockchain’s high efficiency and low transaction fees provide the best foundation for our platform.” Perk will continue to work with the Jonah Group on the next phase of its cryptoreward loyalty program development, which will include digital wallet development, microservice API development, testing, smart contract development and deploying Perk’s cryptoreward on the Solana mainnet. In connection with the development of its cryptoreward, Perk will be incorporating new compliance tools and procedures and is working with a leading German Fintech design firm to update its mobile app with a state-of-the-art user interface to include additional reward features and game design elements. Subject to any unforeseen changes, Perk and Jonah estimate that Perk’s cryptoreward will be ready for deployment to the Solana mainnet by mid-January 2022. Perk will provide further updates as it makes progress on its cryptoreward development. Perk also recently announced its digital franchising program, with the intention to be the first franchise system that enables franchisees to leverage the power of blockchain technology. Perk Labs’ CEO Jonathan Hoyles will be presenting on the Perk Hero digital franchising opportunity at 2 pm EST on October 25, 2021 at the Canadian Franchise Association’s Virtual Franchise Canada Show. For more information on a Perk Franchise, visit www.perkfranchise.com. About Jonah Group Jonah Group is a custom software development company trusted by organizations that are faced with missioncritical business challenges and cannot afford to fail. Jonah Group has built several systems that process billions of dollars’ worth of transactions each year for clients who remain partners. Jonah has successfully developed and deployed a wide range of enterprise systems including online banking applications, equity and mutual fund trading systems, content management systems, credit adjudication and provisioning portals, health care benefits and claims management systems, and fleet management solutions. Its clientele includes many leading names in the financial services and health care industries.
dumbof
3年前
https://pro.ceo.ca/@accesswire/empower-clinics-reports-1005-year-over-year-revenue
by @accesswire on 30 Aug 2021, 12:31
Empower Clinics Reports 1,005% Year-Over-Year Revenue Growth in Q2 2021
The Company Increased Its Cash Position and Paid Off $2 Million in Debt
VANCOUVER, BC / ACCESSWIRE / August 30, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(OTC PINK:EPWCF)(Frankfurt 8EC) (" Empower " or the " Company ") has filed today its consolidated financial statements and related management's discussion and analysis, both of which are available at www.SEDAR.com. All financial information in this press release is reported in United States dollars, unless otherwise indicated.
"Our second quarter was one of robust corporate development as we continue to execute our strategic growth vision while prioritizing the overall fiscal health of Empower Clinics," said Steven McAuley, Chairman and CEO. "By discontinuing certain operations in Q2, we paved the way for explosive growth across the company. We are excited about the R&D product development opportunities and increased testing available in Canada and the U.S. through the Kai Medical Laboratories expansion. We remain diligent on the progress of our Canadian clinic expansions and the distribution of MediSure devices. The entire Empower team is excited for the future."
Q2 2021 Highlights
Total revenues from continuing operations[1] of $861,826 for Q2 2021 compared to Q2 2020 revenues $85,775, representing 1005% year over year growth.
Cash at June 30, 2021 was $5,191,944 which increased from cash of $4,889,824 at December 31, 2020, primarily driven by the proceeds generated on exercise of share purchase warrants.
Cash used in operating activities of continuing operations was $416,949, compared to cash used of $171,848 for Q2 2020.
Loss from operations1 increased to $1,373,941 for Q2 2021 from $380,612 for Q2 2020, primarily driven by the increased corporate activity of the Company and legal and professional fees in pursuit of acquisitions.
Net loss from continuing operations1 of $412,209 or $0.00 per share compared to $501,419 or $0.00 per share for Q2 2020, which was primarily driven by a non-cash gain on the fair value adjustment related to the Company's warrants outstanding resulting from movement of the Company's share price (a key input in determining the fair value), offset by increased operating expenses.
Recent Highlights Subsequent to Quarter End
Sale of Sun Valley: In July 2021, the Company announced that it had entered into a non-binding agreement to sell its 100% ownership of Sun Valley to the previous owners of Sun Valley for total consideration of $1,000,000 payable in securities of Empower.
Acquisition : On July 30, 2021, the Company completed the acquisition of all ownership interest of Medi+Sure Canada Inc. for a total deemed purchase price of CAD$3.5M. Consideration consists of a cash payment of CAD$1,250,000 and 4,582,483 common shares of the Company, 2,036,659 of which are subject to contractual trading restrictions that will be removed quarterly over 24 months.
Common shares issued : The Company issued 21,176 shareswith a fair value of $0.41 (CAD$0.51) per share for proceeds of $9,023 (CAD$11,340) for marketing services and 125,000 shares from the exercise of stock options with an exercise price of $0.05 (C$0.06) for proceeds of $5,976 (CAD$7,500).
Financial Summary
US dollars, except where noted
Three months ended June 30,
2021 2020
Total revenues
861,826 85,775
Direct expenses
831,594 21,557
Loss from operations
1,373,941 380,612
Net loss from continuing operations
412,209 501,419
Net loss per share
- -
Financial Performance
Revenues for Q2 2021 and Q2 2020 were $861,826 and $85,775, respectively. This increase over prior year is attributable to the acquisition of Kai Medical and the strong revenue resulting from COVID-19 testing.
Direct expenses for Q2 2021 and Q2 2020 were $831,594 and $21,557, respectively. This increase over prior year is attributable to the acquisition of Kai which increased the Company's staffing levels and the ramp up of staffing as the Company expands its clinic presence in Canada through Lawrence Park & Atkinson.
Loss from operations for Q2 2021 and Q2 2020 were $1,373,941 and $380,612 respectively. This decrease from prior year is primarily attributable to the increase in revenues resulting from the acquisitions during fiscal 2020, offset by increased operating costs that are the direct result of consolidating the expenses of the acquired entities as well as the continued increase in corporate activity during Q2 2021 which increased legal and professional costs.
Net loss for Q2 2021 and Q2 2020 were $412,209 and $501,419, respectively. This decrease in loss over prior year is primarily attributable to the gain on change in fair value recognized on the warrant liability (as determined by the Black-Scholes option pricing model) which resulted from the decrease in the Company's share price between March 31, 2021 and June 30, 2021 and therefore the fair value allocated to warrants.
During Q2 2021, the Company used $416,949 in cash from continuing operations after changes in non-cash working capital. The Company invested $688,367 for the purchase of property and equipment and raised $258,336 via proceeds from various exercise of warrants and stock options, partially offset by lease payments and repayments of loans and notes payable in the amount of $104,483.
Please refer to the Company's condensed interim consolidated financial statements, related notes and accompanying Management Discussion and Analysis for a full review of the operations.
About Empower
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS: Steven McAuley
Chief Executive Officer
CONTACTS:
Tamara Mason
Business Development & Communications
416-671-5617
t.mason@empowerclinics.com
Steven McAuley
CEO
604-789-2146
s.mcauley@empowerclinics.com
dumbof
3年前
https://ceo.ca/@accesswire/perk-labs-reports-second-quarter-2021-results
by @accesswire on 29 Jul 2021, 14:30
Perk Labs Reports Second Quarter 2021 Results
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated February 17, 2021 to its short form base shelf prospectus dated July 17, 2020.
VANCOUVER, BC / ACCESSWIRE / July 29, 2021 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT:PKLB) ("Perk Labs" or the "Company") the parent company of Perk Hero, the mobile commerce platform with exclusive perks on curated lifestyle products and digital gift cards, today announced financial results for the second quarter ended May 31, 2021.
Overview
During the second quarter, Perk Hero iterated on its platform with the release of a universal shopping cart, a proprietary payout system and multiple optimizations for users. These upgrades were a top priority for the Company in order to allow customers to shop simultaneously from a variety of brands and retailers on Perk Hero and to improve controls, insights and reporting functionality with respect to merchant payouts. A number of user interface upgrades were made to optimize navigation and checkout functionality.
The Company also hired Michelle Berg as Director of Marketing to help scale customer demand and acquisition as well as lead the Company's branding, messaging and communications strategy. Previously, she was a group lead at Major Tom, an industry leading marketing agency.
"Perk Hero has a unique marketplace with products and gamified digital rewards that appeals to today's shoppers," said Ms. Berg. "I am excited to help build the Perk Hero brand and raise awareness to this new marketplace through data-driven digital marketing campaigns."
The Company continues to prudently manage its working capital with $1.9 million cash on its balance sheet and $2.0 million in marketable securities. This has allowed us to invest more into research and development and accelerate our marketing efforts which we will continue to optimize in the coming quarters.
"We enter the second half of 2021 with a significantly improved and upgraded platform that empowers eCommerce merchants and restaurants with an omnichannel ecosystem that connects their offline business to their digital operations in a simplified way", said Jonathan Hoyles, CEO, Perk Labs. "One of our top priorities now is to grow customer demand for our merchants by providing consumers with a convenient and highly incentivized way to earn cryptocurrency by simply making purchases through our platform. We are also excited with the prospects of new revenue opportunities such as the licensing agreement with Century Services, which we believe provides a model we can replicate in other cities to expand our business across North America."
As at May 31, 2021, Perk Hero had 109 restaurants and 128 third-party sellers on its platform with a total of 7,382 products and 91 gift card brands for sale.
2021 Q2 Financial Highlights:
Working capital of $3.0M in Q2 2021 compared to $1.9M in Q2 2020 and $792k in Q4 2020.
Net loss of $1.3M in Q2 2021 compared to a net loss of $1.2M in Q2 2020.
Revenue of $1,085 in Q2 2021 compared to revenue of $1,811 in Q2 2020. Revenue in Q2 2021 consisted primarily of third-party seller transactions which is recognized on a net basis as compared to prior quarters in which the Company sold products from inventory which is recognized on a gross basis. For Q2 2021, the Company's focus was on improving its platform and checkout process and working on a number of overall quality improvements that were required after implementing upgrades. As such, consumer marketing initiatives were delayed to subsequent quarters until the upgrades and enhancements were complete.
General and administration expenses decreased 24% to $295k in Q2 2021 compared to $386k in Q2 2020 as the Company continued to practise cost discipline.
Research and development expenses increased 16% to $204k in Q2 2021 compared to $176k in Q2 2020 as the Company continues to invest in its technology platform.
Sales and marketing expenses increased 8% to $184k in Q2 2021 compared to $170k in Q2 2020 as the Company continues to test and refine its marketing efforts to maximize return on ad spend.
2021 Q2 Operational Highlights
Strengthened the balance sheet: During the six months ended May 31, 2021, the Company issued 15,641,000 common shares through its at-the-market offering filed July 29, 2020 at an average price of $0.10 per share for gross proceeds of $1,570,780. Commissions paid were $47,123 for net proceeds of $1,523,657.
The Company also issued 6,072,000 common shares through its at-the-market offering filed February 17, 2021 at an average price of $0.12 for gross proceeds of $709,085 and net proceeds of $687,813. As part of the offering, the Company paid commissions of $21,272.
Expanded relationship with InComm: The Company signed an agreement with InComm Payments to distribute digital gift cards in the United States. Gift card categories available through the Perk Hero app in the US include online shopping, streaming services, gaming, home improvement and major restaurant chains. Perk has developed an innovative platform for the sale of digital gift cards, allowing users to buy for themselves, send to friends as gifts, save the digital gift card in the Perk digital wallet as stored value, earn cash back rewards on the purchase of digital gift cards, and earn rewards for referring digital gift cards to friends and family.
Highlights Subsequent to 2021 Q2
Implemented a merchant referral program and streamlined merchant onboarding : The Company implemented a merchant referral program whereby people could receive a referral bonus for each successful merchant added to Perk Hero. Paired with Perk Hero's streamlined onboarding process, this will enable the Company to add additional merchants to its platform more quickly.
Initiated development of web-based portal : The Company initiated development of a new web-based internal administration portal that provides its team with more advanced reporting and data analytics and allows it to strengthen and broaden Perk's internal controls. This is an important tool to be able to analyze the growth of Perk's business and will be used to configure promotions and the way products and brands are displayed on the app. This internal web-based tool will also form the foundation for a new web-based merchant tool that will provide third-party sellers and restaurants on Perk's platform with data analytics, catalogue management, and other promotional and sales features.
Launched a new channel partner program : Perk Labs signed a reseller agreement with Century Services as its first partner in the program. Under the terms of the agreement, the Company will receive a recurring annual fee in addition to a percentage share of transaction fees. Century will have exclusive reseller rights for the restaurant vertical in the Greater Vancouver region and Perk will provide technical support. To support this new channel partner program, the Company has begun development of a new web-based restaurant ordering tool that is expected to be in high demand from restaurants, many of which are currently experiencing labour shortages.
Outlook
The Company's strategic priorities for the remainder of 2021 include:
Consumer marketing initiatives including digital marketing through programmatic advertising, search engine marketing, improving SEO, advertising on social media channels, influencer marketing, promoting special offers through email, push notifications, and SMS, exhibiting at special events, pop up shop, and product led growth initiatives including Perk Coin incentives for referrals, brand and product reviews, leaderboard status and badges.
Continued development of the Perk Hero product through a series of build-measure-learn iterations and expanding upon its omnichannel commerce capabilities.
Investor relations initiatives including video updates for investors, hosting investor webinars, taking part in roadshows to meet new investors and attending industry events.
Continuing to add useful spending tools that build upon Perk's existing platform, including enabling customers to make purchases using digital wallets and cryptocurrency.
Developing Perk Coin as a blockchain-based digital loyalty reward currency and exploring the conditions and requirements to distribute Perk Coin as a cryptocurrency.
The Company's complete financial results are available in its Consolidated Financial Statements and Management's Discussion and Analysis for the quarter ended May 31, 2021, each filed with Canadian securities regulators at www.sedar.com .
IFRS
The operational and financial information in this release is based on the consolidated figures in accordance with International Financial Reporting Standard (IFRS).
About Perk Labs
Perk Labs Inc. is the owner of Perk Hero , a digital loyalty management platform that enables merchants to provide their customers with digital rewards and a more engaging and convenient customer experience.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information, please contact:
Norman Tan
Chief Financial Officer
norman@perkhero.com
833-338-0299
investors@perklabs.io
CHF Capital Markets
Iryna Zheliasko, Manager, Corporate Communications
416-868-1079 x 229
iryna@chfir.com
dumbof
4年前
by @accesswire on 16 Jul 2021, 14:30
Perk Labs Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / July 16, 2021 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FRA:PKLB) ('Perk' or the 'Company'), the parent company of Perk Hero, the mobile commerce platform with perks on curated specialty products, mobile payments and digital gift cards, today provided a corporate update.
Highlights:
Multiple technology updates and bug fixes to offer the best app experience for customers and merchants
Improved internal reporting system to stimulate business growth and provide better data analytics
Additional cybersecurity measures to combat fraudulent transactions
Adding new products and merchants through new agreements with large dropshipping suppliers
Developing a new licensing business model with the aim of providing high-margin annual licensing revenue
Road map includes upgrading Perk Coin into a blockchain-based digital reward
Perk Labs CEO Jonathan Hoyles comments:
'Our vision for Perk Hero is ambitious in scope and that is why we've made upgrades to our platform this year which include our new web app, multicurrency capabilities, universal shopping cart, and a proprietary payout system. After our recent upgrade of Perk's shopping cart and payout system, a number of overall quality improvements and fixes were required to optimize the customer experience for our users. We continue to diligently work on these fixes to ensure a seamless experience for customers.
We've benchmarked our navigation and checkout against some of the most successful internet companies to improve our checkout experience and reduce cart abandonment. We continue to analyze our data and iterate to optimize our customer experience.
We have developed new anti-fraud tools and procedures to prevent fraudulent transactions. This is an important step to scale up our digital gift card offering and adoption of blockchain technology, as digital gift cards and cryptocurrency are often a target for fraud.
We have also been building a new web-based internal administration portal that provides our team with more advanced reporting and data analytics and allows us to strengthen and broaden our internal controls. This is an important tool for us to analyze the growth of our business and will be used to configure promotions and the way products and brands are displayed on our app. This internal web-based tool will also form the foundation for a new web-based merchant tool that will provide third-party sellers and restaurants on our platform with data analytics, catalogue management, and other promotional and sales features.
Platform improvements have been our top priority until now, and with all the recent upgrades completed, we are in a much better position to concentrate on consumer marketing moving forward.
We continue to add new merchants and products to our platform. We've recently connected our platform to some large dropshipping suppliers which has allowed us to increase our product shelf by over 600 items in the last month. We will continue to add more items from these and similar suppliers. We also recently added Delta Airlines and Subway Restaurants to our digital gift card offering and plan to add more digital gift cards in the near future.
We have also been working closely with Century Service to ensure the mutual success of our partnership and to develop a licensing business model that can be replicated in other cities. This licensing model has the potential to provide high-margin annual licensing revenue. We believe that by combining our unique assets with the specialized expertise of our partners we will enable both Perk and our partners to grow most efficiently and quickly in order to serve more customers daily. One of the tools we are developing for this business line is a lite web-based ordering tool so that restaurant customers can order from their table using their phone's browser. Customers will then be prompted to download our app to earn digital loyalty rewards on future purchases.
Looking forward, we are in the process of planning updates to our product roadmap as the business environment rapidly changes with the easing of pandemic restrictions. We are now seeing a new trend in consumer behaviour as consumers are spending more on restaurants, travel and experiences and less on purchasing items for their homes. Brands are now more than ever focused on designing and delivering seamless integrated experiences for their customers across multiple channels. On top of that, many businesses, especially restaurants, are experiencing a labour shortage as the workforce for certain industries has moved on to other areas. The pandemic has also accelerated consumer adoption of eCommerce, QR code mobile payment and cryptocurrency. We believe that the investments we have made in our platform position us well for the future as the online and offline worlds become one and our platform will be a great solution for offline businesses that are looking for ways to use technology to alleviate the worker shortage. One of our top priorities for this year will be to upgrade Perk Coin to a blockchain-based digital reward. We believe that customers will be much more incentivized by non-breakable, distributed rewards earned via smart contracts that can be accessed in a digital wallet and exchanged for other items of value. We will be providing further updates on our product roadmap and development of Perk Coin in the near future.'
Perk's goal is to build out an everyday app that offers shopping, food ordering and mobile payments, and the Company is focused on creating a seamless experience and unlocking value for its customers by offering complementary services on a single platform with digital loyalty rewards at its core.
About Perk Labs Inc.
Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to make shopping and dining experiences more engaging, convenient, and rewarding. Perk has partnered with vetted specialized brands across North America. Consumers can also buy digital gift cards from top merchants that include gaming and electronics, apparel, dining, and more. The Perk Hero platform, currently available in Canada and the US, was engineered for reliability and scale using enterprise-level technology fit for businesses of all sizes. The platform also features Shopify integration, contactless payments using Apple Pay, Google Pay, BitPay and Alipay, as well as its own digital currency called Perk Coin, a gamified loyalty program, e-commerce dropshipping capabilities, pre-order and pick up, and in-store payments with a QR code.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information contact:
Jonathan Hoyles, CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io
Iryna Zheliasko, Manager, Corporate Communications
CHF Capital Markets
416-868-1079 x 229
iryna@chfir.com
dumbof
4年前
https://pro.ceo.ca/@accesswire/perk-labs-announces-agreement-with-century-restaurant
by @accesswire on 8 Jun 2021, 14:32
Perk Labs Announces Agreement with Century Restaurant Group and New Channel Partner Program
VANCOUVER, BC / ACCESSWIRE / June 8, 2021 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FRA:PKLB) ("Perk" or the "Company"), the parent company of Perk Hero, the mobile commerce platform with perks on curated specialty products and digital gift cards, today announced that it has launched a reseller program for its restaurant payment solution and that Century Restaurant Group has signed an agreement to be its first reseller partner.
"We are excited to launch our new reseller program with Century Restaurant Group joining us as our first partner in the program,' said Jonathan Hoyles, CEO of Perk Labs. "We believe that our reseller program will be key to our ability to scale and distribute our restaurant mobile ordering, payment and digital loyalty solution across the North American continent."
Perk believes that its reseller program offers companies and individuals a lucrative income-generating opportunity in the rapidly growing business of digital payments and ordering. Under the reseller program, resellers have the right to sell Perk's restaurant ordering and payment solution to restaurants and receive a share of the revenue received on every order. Perk's restaurant solution includes QR code payment, PayByPhoto, order from table, pre-order and pick-up, self-managed delivery and Perk's proprietary digital loyalty program. By working with resellers, Perk will be able to scale up its business without having to hire a large sales and operations workforce that would be required to physically support brick & mortar restaurants across North America.
"We are excited to partner with Perk and bring its innovative ordering and payment solution to the restaurant industry," said Justin Strange, President of Century Restaurant Group. "I believe that ordering and paying directly through your mobile device while sitting at your table is the future for restaurants and the time is right to bring this solution to the market as restaurants begin to re-open following the pandemic restrictions lifting."
Pursuant to the terms of the agreement with Century, Perk will receive a recurring annual fee in addition to a percentage share of transaction fees. Century will have exclusive reseller rights for the restaurant vertical in the Greater Vancouver region and Perk will provide technical support. The agreement also includes a minimum sales target for Century to achieve over a three-year period.
Perk also announced today that Amazon.ca digital gift cards are now available on its platform in Canada. Amazon.ca digital gift cards can be purchased by using Perk Coins, which are earned by making purchases on Perk Hero.
About Century Restaurant Group
Century Restaurant Group DBA "Century Service" was founded in 2019 by Justin Strange and his team with the goal of bringing a focused digital solution to dine-in restaurants. Century's model allows customers control over their dining experiences by initiating instant ordering and payment solutions right from their phone - something customers have come to expect with the latest food ordering technologies gaining popularity. Century is excited to pair hospitality professionals with technology that will bring a seamless digital dine-in experience to complement the current model and aid in the recovery of the hospitality industry caused by the pandemic.
About Perk Labs Inc.
Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FRA:PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to make shopping experiences more engaging, convenient, and rewarding. Perk has partnered with vetted specialized brands across North America to bring its customers products that are eco-friendly, natural, organic, and ethically sourced. Consumers can also buy digital gift cards from top merchants that include gaming and electronics, apparel, dining, and more. The Perk Hero platform, currently available in Canada and the U.S., was engineered for reliability and scale using enterprise-level technology fit for businesses of all sizes. The platform also features Shopify integration, contactless payments using Apple Pay, Google Pay, BitPay and Alipay, as well as its own digital currency called Perk Coin, a gamified loyalty program, e-commerce dropshipping capabilities, pre-order and pick up, and in-store payments with a QR code.
For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.
For more information, contact:
Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299 investors@perklabs.io
Iryna Zheliasko, Manager, Corporate Communications
CHF Capital Markets
416-868-1079 x 229
iryna@chfir.com
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