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Tenet Fintech Group Inc.
(PKK)
Tenet Fintech Group Inc. (PKK) vs. iShares MSCI Canada ETF (EWC)
Tenet Fintech Group Inc. Business Overview & Revenue Model
Tenet Fintech Group Inc. Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 8.26M | 42.09M | 109.88M | 103.63M | 42.70M | 11.71M | Gross Profit |
| -8.31M | 1.85M | 27.19M | 13.80M | 6.95M | 11.62M | EBIT |
| -53.83M | -34.29M | -14.28M | -206.02K | -2.88M | 272.42K | EBITDA |
| -53.25M | -68.03M | -48.78M | -47.38M | -2.93M | 740.64K | Net Income Common Stockholders |
| -61.53M | -76.83M | -53.01M | -48.56M | -5.51M | -1.83M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.10M | 1.21M | 3.22M | 19.44M | 6.09M | 2.18M | Total Assets |
| 32.84M | 81.92M | 141.27M | 195.29M | 61.31M | 29.36M | Total Debt |
| 3.66M | 13.76M | 5.70M | 2.16M | 561.75K | 3.81M | Net Debt |
| -1.44M | 12.57M | 2.48M | -16.64M | -5.31M | 2.09M | Total Liabilities |
| 10.62M | 34.04M | 23.66M | 29.70M | 28.69M | 9.24M | Stockholders Equity |
| 11.32M | 34.23M | 102.35M | 151.27M | 20.84M | 9.68M |
| Cash Flow | Free Cash Flow | ||||
| -10.14M | -11.79M | -16.40M | -47.22M | -4.98M | -1.16M | Operating Cash Flow |
| -8.04M | -3.91M | -4.76M | -40.89M | -3.90M | -272.84K | Investing Cash Flow |
| -2.06M | -8.16M | -12.50M | -17.39M | -1.85M | -1.68M | Financing Cash Flow |
| 7.77M | 11.78M | 2.29M | 69.48M | 8.94M | 2.87M |
Tenet Fintech Group Inc. Technical Analysis
Tenet Fintech Group Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.80B | 10.08 | -7.46% | 2.99% | 7.37% | -8.21% | |
54 Neutral | C$2.40M | 7.69 | -981.49% | ― | 4.55% | 48.78% | |
36 Underperform | C$5.57M | ― | -224.98% | ― | -85.42% | 51.62% | |
| C$35.69M | ― | ― | ― | ― | |||
| $30.62M | ― | -27.51% | ― | ― | ― | ||
| $3.14M | ― | -330.27% | ― | ― | ― | ||
| $6.61M | ― | ― | ― | ― |
Tenet Fintech Group Inc. Corporate Events
Tenet Fintech Group Inc. has formed a strategic alliance with Bankeo to enhance its Cubeler® Business Hub offerings for SMEs. This partnership aims to provide SMEs with access to a vast network of accounting specialists, promising increased efficiency and business growth opportunities without additional costs.
Tenet Fintech Group Inc. announced a significant milestone as its Cubeler Business Hub platform onboarded around 400 SMEs in a single day, making the launch of its first macroeconomic indicator indexes, ie-Pulse, viable. Initially delayed due to insufficient data, Tenet adjusted its platform to expedite SME registration through partnerships with bookkeeping services, overcoming technical challenges and aiming for a swift release following a brief testing phase, potentially enhancing its market positioning and offering new insights for stakeholders.
Tenet Fintech Group Inc. announced the retirement of its CFO, Jean Landreville, at the end of 2024, due to health reasons. He will be succeeded by Maxime Couturier, who brings a wealth of financial expertise to the role. The leadership transition aims to continue Tenet’s growth and strengthen its North American operations.
Tenet Fintech Group Inc.’s CEO, Johnson Joseph, faces charges from the Autorité des marchés financiers for potential market manipulation related to the company’s securities. Despite these charges, Joseph denies wrongdoing and vows to fight them in court, maintaining the support of Tenet’s Board of Directors.
Tenet Fintech Group Inc. has completed a non-brokered private placement financing, raising $190,000 by selling 1.9 million units to accredited investors. This funding will support the commercialization of their ie-Pulse product and meet strategic partnership obligations. Each unit includes a common share and a warrant exercisable at $0.20, with an accelerated expiry condition if the stock price reaches $0.30.
Tenet Fintech Group Inc. has welcomed SME clients from Elite Times CPA Inc. to its Cubeler Business Hub, enhancing its platform’s data pool. By granting Elite Times CPA access to Dext Software Ltd.’s bookkeeping technology, Tenet aims to boost the use of its Business Hub and commercialize its macroeconomic indicator indexes.
Tenet Fintech Group Inc. has awarded a free master license of its bookkeeping automation software to Elite Times CPA, a strategic partner. This move allows Elite Times CPA to streamline services for existing clients and attract new ones by offering efficient bookkeeping solutions bundled with Business Hub membership.
Tenet Fintech Group Inc. has secured $1.1 million through a non-brokered private placement financing by selling over 11 million units to accredited investors. This capital will be used to commercialize their ie-Pulse product, fulfill strategic partnership obligations, and for general working capital needs.
Tenet Fintech Group Inc. has introduced free bookkeeping automation software for SMEs and bookkeepers as part of its Cubeler Business Hub platform. This addition aims to accelerate the registration of SMEs on the platform, enhancing data collection for its macroeconomic index plans. By collaborating with bookkeeping partners, Tenet seeks to improve its analytics services in the Canadian retail sector.
Tenet Fintech Group Inc. reported a challenging third quarter in 2024, with a significant net loss of $24.69 million, largely influenced by a transition in their revenue model in China. Despite generating $205,582 in revenue, the company’s expenses soared due to a considerable credit loss provision, highlighting the financial hurdles currently faced.
Tenet Fintech Group Inc. has partnered with Dext Software Ltd. to integrate Dext’s advanced bookkeeping automation platform into the Cubeler Business Hub, enhancing real-time financial data access for small and medium businesses. This collaboration aims to revolutionize bookkeeping by offering timely insights, empowering businesses to make quicker financial decisions. Tenet’s inclusion in Dext’s Partner Advisory Council signifies a significant step in shaping future product offerings.
Tenet Fintech Group Inc. has launched full versions of the Networking and Advertising modules on its Cubeler Business Hub, incorporating user feedback from the beta phase. With enhanced features, members can now access improved credit offers, manage advertising campaigns, and engage with others through upgraded networking capabilities.
Tenet Fintech Group Inc. will participate in the 12th Edition of “Strategies PME” in Montreal, where their Vice-president of Marketing will speak on growth strategies for SMEs. The event, designed to help Quebec-based SME owners, will host over 6,000 visitors at Montreal’s Convention Center. Tenet will also have a booth to showcase how their Cubeler Business Hub can aid businesses in expanding sales and discovering new opportunities.
Tenet Fintech Group Inc. has successfully completed a non-brokered private placement financing, raising $865,000 by selling 8,650,000 units at $0.10 each. The funds will aid in the commercialization of their upcoming ie-Pulse product and other strategic purposes. This move marks part of a broader effort by Tenet to bolster its capital for future growth and partnerships.
Tenet Fintech Group Inc. has announced a private placement financing to raise up to $2 million by selling 20 million units at $0.10 each. This move aims to support the commercialization of their new ie-Pulse product and meet strategic partnership obligations. Each unit includes a common share and a warrant, with potential adjustments to the expiry date depending on share performance.
Tenet Fintech Group Inc. announced that its common shares will commence trading on the OTCQB Venture Market in the U.S. under the symbol ‘PKKFF’, starting November 7, 2024. This move aims to provide greater access to U.S. investors and enhance liquidity for shareholders. The company’s shares will also continue to be traded on the Canadian Securities Exchange under the symbol ‘PKK’.