UPAY reported results for the three months ended May 31, 2026, with revenue rising to $226347 while the company recorded a net loss of $115440 an improvement versus a net loss of $141986 in the year-ago quarter.
Financial Highlights
- Revenue: $226,347 for the three months ended May 31, 2026, up from $170,414 in the year-ago quarter; YoY change 32.8%.
- Net income: Net loss of $115,440 for the three months ended May 31, 2026, improved from a net loss of $141,986 in the year-ago quarter (loss narrowed by $26,546 YoY).
Business Highlights
- Revenue growth was driven by increased software development and transactional sales in South Africa, lifting overall top-line performance by 32.8% year over year.
- Channel expansion came from new and existing clients in the South African credit industry, indicating stronger market traction for UPAY's offerings.
- Operational efficiency improved as gross profit rose, helping reduce the net loss despite higher general and administrative expenses.
- Operating cash outflow narrowed during the quarter, but negative working capital deteriorated to $380,139, which may constrain short-term operations.
Original SEC Filing:
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