UPAY, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2021
January 11, 2022 at 01:49 am IST
Share
UPAY, Inc. reported earnings results for the third quarter and nine months ended November 30, 2021. For the third quarter, the company reported sales was USD 0.388118 million compared to USD 0.289662 million a year ago. Net income was USD 0.01682 million compared to net loss of USD 0.019171 million a year ago.
For the nine months, sales was USD 1.08 million compared to USD 0.73364 million a year ago. Net loss was USD 0.314381 million compared to USD 0.133368 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
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. 
