Saturday, October 25, 2025

Latest

PowerBand Solutions Reports Gross Sales of $13.5 Million For April

PowerBand Solutions (TSXV: PBX) this morning released its monthly sales data for its automotive transactional platform. The company reported gross sales across all lines of business of $13.5 million for April.

The April sales figures represents a 17% improvement, or $2.0 million, from the March sales figures of $11.5 million. On an annual basis, total sales on the platform have now reportedly amounted to $39.8 million, which consists of the total dollar value transactions of the various components of the DRIVRZ platform.

In terms of revenue, the company reported that its April gross revenue grew 11% from March’s $1.1 million figure to that of $1.3 million in April. Revenues were reportedly generated with a gross margin of 54%, bringing total revenue to date to approximately $4.0 million.

“We continue to be excited to demonstrate to our shareholders, and potential investors, the potential of our solutions. Our new credit facilities, including those recently announced, coupled with our expanded sales force has enabled us to be able to continue to accelerate the adoption of our DRIVRZâ„¢ solutions.”

Kelly Jennings, PowerBand Solutions CEO

PowerBand Solutions last traded at $1.29 on the TSX Venture.


FULL DISCLOSURE: PowerBand Solutions is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover PowerBand Solutions on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

PowerBand Sees Additional US$2.7 Million Investment From D&P Holdings

PowerBand Solutions (TSXV: PBX) has secured an additional US$2.7 million from Texas-based D&P Holdings Inc...

Monday, June 8, 2020, 09:07:58 AM

PowerBand Solutions CEO And Largest Shareholder Voluntarily Lock Up Shares

PowerBand Solutions (TSXV: PBX) announced this morning that its Chief Executive Officer, whom is also...

Wednesday, January 29, 2020, 08:43:51 AM

PowerBand Solutions Secures US$300 Million Lease Financing, Begins Lease Originations

The big day is here for PowerBand Solutions (TSXV: PBX) shareholders. The company announced this...

Monday, July 13, 2020, 09:56:07 AM

PowerBand Launches Campaign To Deliver Platform To Millions Of American Consumers

PowerBand Solutions (TSXV: PBX) this morning announced that it is launching a digital advertising campaign...

Monday, May 4, 2020, 09:05:04 AM

PowerBand Solutions Reports May 2021 Operating Results

PowerBand Solutions (TSXV: PBX) this morning released its May 2021 operating results, indicating strong month...

Tuesday, June 8, 2021, 08:35:56 AM