Upay, Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2020
January 15, 2021 at 02:14 am IST
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UPAY, Inc. announced earnings results for the third quarter ended November 30, 2020. For the third quarter, the company announced sales was USD 289,662 compared to USD 340,589 a year ago. Net loss was USD 19,171 compared to net income of USD 19,966 a year ago. For the nine months, sales was USD 733,640 compared to USD 1.021 million a year ago. Net loss was USD 133,368 compared to net income of USD 29,578 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 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. 
