🧠 At a Glance
UPAY Inc (OTC: UPYY) just filed its FY2024 10-K, and the results are so tragic, they should’ve premiered on Netflix as a limited docuseries: “How Not to Run a Fintech.”
- 💸 Revenue: $75,084
- 🔥 Net Loss: $3.85 million
- 🧃 Cash Left: ~$50K
- 📉 Stock: Trading near evaporation point
- ⚠️ Auditors: “Going concern? That ship’s already halfway sunk.”
The only thing growing at UPAY is the red ink on their P&L.
🪙 What Does UPAY Do Again?
- Merchant payment processing?
- ✅
- CBD e-commerce? ✅
- Digital marketing? ✅
- Fintech? ✅
- Blockchain? AI? Buzzword salad? ✅✅✅
UPAY’s business model is like ordering everything off Zomato and hoping one dish turns out okay.
They’ve tried more verticals than your average MBA intern in a startup pitch competition.
📉 Full Financial Roast
| Metric | Value |
|---|---|
| Revenue | $75,084 |
| Gross Profit | $24,633 |
| Operating Loss | $3.42 million |
| Net Loss | $3.85 million |
| Cash in Hand | ~$50,000 |
| Total Assets | $1.1 million |
| Total Liabilities | $3.25 million |
| Shareholder Equity | Negative |
The company spent $3.85
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