POSaBIT Systems
Highly Engaged Employees
Highly Engaged EmployeesFinancial Software · Washington, United States · 51-200 Employees
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Overview
Headquarters
15 Lake Bellevue Dr # 101, Bellevue, Was...Phone Number
(855) 767-2248Website
www.posabit.comRevenue
$43.6 MillionStock Symbol
POSAFIndustry
ZI Rank: 1
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
2
1
1
1
1
1
About POSaBIT Systems
POSaBIT provides a premier point of sale platform specifically designed for cannabis retailers, offering features such as integrated loyalty programs, customizable discounts, and detailed reporting. Their POS system enhances the retail experience by streamlining operations and enabling omnichannel commerce through the POSaBIT Menus platform. The company focuses on delivering a user-friendly interface and robust support, ensuring compliance and security for cannabis businesses. With a commitment to innovation and customer satisfaction, POSaBIT aims to help retailers grow revenue and improve customer experiences.Explore more
POSaBIT Systems Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
POSaBIT Systems is experiencing very low activity levels compared to other companies in the Software sector.
What does this means?
POSaBIT Systems is drawing exceptional interest within the Software industry, suggesting notable developments or strong market momentum, learn more about POSaBIT Systems.
POSaBIT Systems financials insights
Gather financial insights about POSaBIT Systems, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2017
Other Financing Round
$1.5M
2018
Unspecified
$2.9M
2022
Share Placement
$3.9M
2023
Debt
$11M
POSaBIT Systems Tech Stack
A closer look at the technologies used by POSaBIT Systems
Most Recent Scoops
Earnings
POSaBIT Systems has reported cash of $3.34 million at the end of Q2 2026, increasing 34% from approximately $2.5 million at the end of Q1 2026 and up nearly 90% from $1.76 million at the start of the year. The company generated approximately $850,000 in operating cash flow during Q2 2026, bringing H1 2026 operating cash flow to $1.58 million, compared to cash used in operations of approximately $107,000 in H1 of the prior year.
Earnings, Finance, Financial Operations
Earnings
POSaBIT Systems has reported adjusted EBITDA of approximately USD 1 million for Q2 2026, beating the prior year Q2 figure of USD 390,000 by 177%. This measure excludes foreign exchange impacts, share-based compensation, other non-cash items, and adjusts for the timing difference on licensing cash receipts.
Earnings, Finance
Earnings
POSaBIT Systems has reported gross profit of USD 2 million for Q2 2026, beating the prior year period figure of USD 1.8 million by 10.5%. Gross margin expanded to approximately 91% from approximately 70% in the prior year period, an increase of roughly 21 percentage points, driven by the roll-off of legacy processing revenue and a higher-margin mix of point-of-sale, referral, and software revenue.
Earnings, Finance
Earnings
POSaBIT Systems has reported a net loss of approximately USD 315,000 for Q2 2026, compared to net income of USD 635,000 in Q2 of the prior year. The year-over-year variance is partially attributable to a one-time USD 395,000 litigation settlement gain recorded in Q2 of the prior year that did not recur in the current period.
Earnings, Lawsuits, Legal Affairs, Settlement, Finance
Earnings
Earnings, Finance
POSaBIT Systems News & Media
POSaBIT Systems Corporation (POSAF) Q2 2026 Earnings Call Transcript
POSaBIT Systems Corporation (POSAF) Q2 2026 Earnings Call August 20, 2026 4:30 PM EDTCompany ParticipantsOscar Dahl - Chief of StaffRyan Hamlin -...POSaBIT Systems Corporation (POSAF) Shareholder/Analyst Call Prepared Remarks Transcript
POSaBIT Systems Corporation (POSAF) Shareholder/Analyst Call July 2, 2026 12:00 PM EDTCompany ParticipantsRyan Hamlin - Co-Founder, CEO, President &...POSaBIT Systems Corporation (POSAF) Q1 2026 Earnings Call Transcript
POSaBIT Systems Corporation (POSAF) Q1 2026 Earnings Call May 29, 2026 4:30 PM EDTCompany ParticipantsOscar Dahl - Chief of StaffRyan Hamlin - Co-Founder,...POSaBIT Systems Corp (POSAF) Q4 2025 Earnings Call Highlights: Strategic Shifts and AI ...
Despite a decline in top-line revenue, POSaBIT Systems Corp (POSAF) reports significant EBITDA improvement and unveils new AI-driven services.
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Frequently Asked Questions Regarding POSaBIT Systems
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POSaBIT provides a premier point of sale platform specifically designed for cannabis retailers, offering features such as integrated loyalty programs, customizable discounts, and detailed reporting. Their POS system enhances the retail experience by streamlining operations and enabling omnichannel commerce through the POSaBIT Menus platform. The co... Read More
