Upay, Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2018
January 11, 2019 at 05:11 pm
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UPAY, Inc. announced earnings results for the second quarter ended August 31, 2018. For the second quarter, the company announced sales was USD 247,524 compared to USD 227,885 a year ago. Operating loss was USD 13,555 compared to USD 34,539 a year ago. Net loss was USD 14,347 compared to USD 33,704 a year ago. For the half year, sales was USD 485,898 compared to USD 403,221 a year ago. Operating loss was USD 23,473 compared to USD 53,140 a year ago. Net loss was USD 19,408 compared to USD 51,935 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. 
