Kindcard, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
September 19, 2023 at 05:00 pm
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Kindcard, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 0.119826 million compared to USD 0.139204 million a year ago. Revenue was USD 0.126076 million compared to USD 0.139204 million a year ago. Net loss was USD 0.033008 million compared to USD 0.116488 million a year ago.
For the six months, sales was USD 0.243463 million compared to USD 0.324154 million a year ago. Revenue was USD 0.255963 million compared to USD 0.324154 million a year ago. Net loss was USD 0.05213 million compared to USD 0.096234 million a year ago.
KindCard, Inc. is a FinTech and PayTech company. The Company, through its wholly owned operating subsidiaries, Deb, Inc. and Tendercard, Inc., provides alternative closed-loop payment solutions to consumers and businesses across a wide variety of verticals. Deb, Inc. targets the high-risk merchant market where businesses operating within innovative verticals and e-commerce are incurring higher transaction costs, utilizing a robust compliance policy for onboarding users and businesses in accordance with federal and state regulations. Deb, Inc.âs Pay with Deb consumer app operates on a closed-loop system, whereby consumers can purchase Deb Tokens to store in their wallet and use them to make purchases with the Pay with Deb merchant network. Tendercard, Inc. provides independent merchants with a gift card and loyalty platform, allowing businesses to purchase their own proprietary gift card program to promote and sell to their own customers, where their customers can also earn points.
KINDCARD, INC. 
