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 DRIVRZ™ 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

PowerBand Solutions Sees Gross Revenues Climb To $1.8 Million In June

PowerBand Solutions (TSXV: PBX) continues to experience growth in its ecommerce platform. The company this...

Monday, July 12, 2021, 08:22:30 AM

PowerBand’s Leasing Solution To Expand To 13 Additional States

PowerBand Solutions (TSXV: PBX) is going big time. The company announced this morning that it...

Friday, August 28, 2020, 09:10:25 AM

PowerBand Solutions Engages Citation Capital To Secure US Credit Facilities

PowerBand Solutions (TSXV: PBX) announced this morning that it has signed an agreement with that...

Monday, February 10, 2020, 08:43:33 AM

PowerBand Solutions Appoints Jon Lamb CEO Of Musa Holdings

PowerBand Solutions (TSXV: PBX) this morning announced a management change. The firm has seen the...

Tuesday, March 30, 2021, 09:22:39 AM

PowerBand Sees D&P Convert US$6 Million Debentures To Equity Stake

PowerBand Solutions (TSXV: PBX) this morning announced that it has seen D&P Holdings convert US$6...

Thursday, June 25, 2020, 09:18:25 AM