UPAY, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2021
November 02, 2021 at 11:41 pm IST
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UPAY, Inc. reported earnings results for the second quarter and six months ended August 31, 2021. For the second quarter, the company reported sales was USD 0.358317 million compared to USD 0.195346 million a year ago. Net loss was USD 0.009866 million compared to USD 0.072084 million a year ago.
For the six months, sales was USD 0.693506 million compared to USD 0.443978 million a year ago. Net loss was USD 0.335837 million compared to USD 0.114197 million a year ago. Basic loss per share from continuing operations was USD 0.01.
UPAY, Inc. is a software development company. It provides a cloud-based loan origination software system that is compliant with all applicable legislation and enables its customers to grant loans, sell products, pay bills or pay monthly subscriptions on terms, all within its software system. Its software platform features integrated third-party service providers, such as registered payment gateways, credit bureaus, two-way texting, credit protection insurance and decision-making platforms. Its products include Loan Origination System, Theme Studio Business Online, Credit Inquiries, and Credit Protection and Life Insurance, among others. The Loan Origination System provides Automated Credit Provider Administration System, a software system that leases on a monthly basis to customers to manage businesses, clients and processes. Theme Studio Business Online provides customized websites with ACPAS system to customers. It also specializes in providing anti-money laundering solutions.
UPAY, INC. 
