POSaBIT Systems Corp.
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in mil. unless spec.Company Description
- CEO
- Ryan Hamlin
- Full Time Employees
- 35
- Sector
- Technology services
- Industry
- Information technology services
- Address
- 4786 1st Avenue South Seattle WA United States 98134
- IPO Date
- Apr 8, 2019
- Website
- posabit.com
- Similar Companies
- Business
- POSaBIT Systems Corporation operates as a financial infrastructure provider to the cannabis sector in the United States, delivering point-of-sale software as a service, cashless payment processing, and related hardware solutions to retailers. Founded in 2015 and headquartered in Bellevue, Washington, the company offers its POSaBIT POS platform, which provides integrated inventory management, loyalty programs, customizable discounts, delivery workflows, real-time reporting, and customer profile tracking; POSaBIT Menus for online ordering and eCommerce that syncs with in-store and delivery sales; compliant payment terminals for sale, rental, or installation; and technology licensing with support services. POSaBIT serves over 600 locations across 25 states, targeting cannabis dispensaries and retailers with a focus on compliance, security, and normalized retail experiences in cash-heavy markets. The company drives growth through merchant acquisitions, same-store expansion, state-level cannabis legalization, and strategic partnerships in compliance, loyalty, and eCommerce, bolstered by its prior acquisition of Hypur to enhance payments capabilities. Recent developments include the full launch of POSaBIT POS 2.0, advancing point-of-sale technology standards; strong adoption of the POSaBIT eComm online menu, with over 75% of new POS merchants selecting it and 51% quarter-over-quarter growth in Q3 2025; achievement of record financial metrics such as nearly $1 million in adjusted EBITDA, 87% adjusted gross profit margin, and 22% recurring SaaS revenue increase in Q3 2025; its first quarterly net earnings profit exceeding $600 thousand in Q2 2025; cash position growth to $1.2 million by Q3 2025 alongside a 41% reduction in accounts payable; and insider purchases of over 500,000 shares in July 2025.
Company News
POSaBIT Amends Terms of Outstanding Loan with Perga Capital Partners
POSaBIT Systems Corporation (POSAF) Q2 2026 Earnings Call Transcript
POSaBIT Reports Second Quarter 2026 Financial Results
POSaBIT to Host Second Quarter 2026 Earnings Conference Call
POSaBIT Announces Results of Annual and Special Meeting of Shareholders
POSaBIT Systems Corporation (POSAF) Shareholder/Analyst Call Prepared Remarks Transcript
POSaBIT Systems Corporation (POSAF) Q1 2026 Earnings Call Transcript
POSaBIT Reports First Quarter 2026 Financial Results
POSaBIT Systems Corporation (POSAF) Q4 2025 Earnings Call Transcript
POSaBIT Launches New AI-Driven Producer & Processor Portal: POSaBIT Brands
POSaBIT to Host Fourth Quarter and FY 2025 Earnings Conference Call
POSaBIT Applauds Today's Executive Order to Reschedule Cannabis as a Pivotal Step Forward for the Industry
POSaBIT Systems Corporation (POSAF) Q2 2026 Earnings Call Transcript
POSaBIT Reports Third Quarter 2025 Financial Results
POSaBIT to Host Third Quarter 2025 Earnings Conference Call
POSaBIT Reports Second Quarter 2025 Financial Results
POSaBIT to Host Second Quarter 2025 Earnings Conference Call
POSaBIT Announces Results of Annual and Special Meeting of Shareholders
POSaBIT Reports First Quarter 2025 Financial Results
POSaBIT to Host First Quarter 2025 Earnings Conference Call