RPMT · Rego Payment Architectures, Inc.

Summary

Persistent deep losses and heavy cash burn defined another challenging year for this pre-revenue FinTech stage company, with modest cost controls unable to offset elevated R&D and G&A amid limited capital.

Key takeaways

• Revenue was $2.2K, reflecting early-stage transition to B2B SaaS licensing without significant traction.
• Operating Income was -$8.5M (-7.3% YoY), as the operating loss widened due to business expenses outpacing minimal revenue.
• Net Income was -$9.6M (-7.5% YoY), driven by higher interest on increased stockholder debt and accrued preferred dividends.
• Diluted EPS was $-0.09 (0.0% YoY), stable despite deeper losses from ongoing development costs.
• Net cash used in operating activities improved to -$6.1M from -$7.0M prior year, due to lower marketing consulting and event expenses.