UPAY: quarterly revenue up 51%, net loss widens to $761,075
UPAY reported third-quarter revenue of $285,256, up 51% year on year, while its net loss widened to $761,075, according to a 10-Q summary on TradingView.
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what happened
UPAY has published its third-quarter results, according to a summary by TradingView based on filings made with the SEC. Revenue for the three months ended August 31, 2026 reached $285,256, compared with $188,947 a year earlier, a rise of 51.0%. The net loss attributable to UPAY widened to $(761,075) from $(117,252), and diluted loss per share was $(0.04) against $(0.01) in the prior-year period.
The company linked the revenue growth to higher development fees and to its acquisition of Acheron Systems (Pty) Ltd on June 17, 2026. Revenue for the six-month period rose 42%, and four customers accounted for about 46% of that revenue. Management plans to fund ongoing operations through equity issuance and support from related parties.
why it matters
For the broader market this is a small company, so the report matters mainly to its own shareholders rather than to major indices. Reliance on a few customers and a funding plan based on share issuance point to dilution risk for holders of UPAY stock.
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sources
- UPAY 3Q FYE Feb 28 2026: Revenue $285256 EPS $(0.04) — 10-Q Summary — TradingView, 20 October 2026 at 17:41 UTC
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