Payfare Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CAD 42.32 million compared to CAD 24.03 million a year ago. Net income was CAD 1.29 million compared to net loss of CAD 2.7 million a year ago.

Basic earnings per share from continuing operations was CAD 0.03 compared to basic loss per share from continuing operations of CAD 0.06 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to diluted loss per share from continuing operations of CAD 0.06 a year ago.