Investor Conference Call Scheduled to Discuss Upcoming Fourth Quarter and Full Year 2023 Financial Results
"We achieved our best ever quarterly active user growth in the fourth quarter of 2023" said
To access the conference call, please dial (289) 514-5100 or 1 (800) 717-1738. Please call the conference telephone number 10-15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through.
An archived recording of the conference call will be available until
About Payfare (TSX:PAY, OTCQX: PYFRF)
For further information please visit www.payfare.com
1Non-IFRS and Supplementary Financial Measures
This press release contains references to "active users" which is not a measure prescribed by International Financial Reporting Standards (IFRS). This supplementary financial measure is provided as additional information to complement IFRS measures by providing a further understanding of our results of operations from management's perspective, to provide investors and security analysts with supplemental measures to evaluate the financial performance of the Company and highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also uses non-IFRS and supplementary financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and strategic business plans and to evaluate and price potential acquisitions. Accordingly, non-IFRS and supplementary financial measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Such measures do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable to similar measures presented by other corporations. The non-IFRS and supplementary financial measures are not subject to standard industry definition and our definitions and method of calculation may differ from other issuers and therefore may not be comparable to similar measures presented by other issuers.
The Company determines the number of users to its services based on active users. "Active users" represent users who have loaded earnings on their card in the period. Additional information on this measure may be found under the heading "Definitions – IFRS, Additional GAAP and Non-GAAP Measures" in the Interim MD&A for the three and nine months ended
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