Fintech Growth Stock XTM Reports Triple-Digit Revenue Growth in 2022
XTM released preliminary 2022 earnings figures today, with the company reporting revenue and gross dollar value (GDV) growth of 112% and 200%, respectively.
XTM (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based fintech creator of disruptive payment innovations and staff management solutions specifically for service industries, including hospitality, personal care and service staff, today announced that 2022’s Gross Dollar Value (GDV), a non-IFRS metric the company monitors to track performance, increased 200% over the previous year of 2021. XTM also reported revenue growth in 2022 of 112%.
Commenting on the company’s impressive growth, XTM CEO Marilyn Schaffer stated:
“We are pleased with our results, growth, innovations, and revenue. Our rapid growth creates increased auditing complexity as it relates to huge volumes of transactions. We look forward to fully publishing our 2022 results and subsequent events that will further define us.”
One innovation includes the company adding ancillary revenue streams, such as Today Goals™ in-app subscription-based and gamified budgeting tool with a high conversion rate. The company is also implementing its SAAS Timely™ module, time and attendance and staff management for employment agencies and professional employment organizations with a live date in 30-45 days.
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XTM Inc. (CSE: PAID) is a paid client of Wealthy VC.
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