PowerBand Solutions reports Q2 revenue C$497,549 vs. C$3.6M last year

Cash on hand as at June 30, 2023 was $5,243,895 compared to $10,299,414 as at December 31, 2022. The company said, “Following the comprehensive business reorganization of the Company over the past year, management believes that it now has the right personnel in place and the Company is in a sustainable operational position going forward. The Company is currently completing the establishment of an in-house, customer-facing, servicing department and should be able to migrate from a third-party lease servicing provider by the 4th quarter of 2023.”