VANCOUVER – ParcelPal Technology Inc. (PKG:CSE) (FSE:PT0) (OTCQB:PTNYF) reported that for the month of January 2021, it has achieved approximately $502K CAD in gross revenue, which is nearly 20% higher than January 2020. The company says that this is important because January is typically one of the slowest months of the year. Equally important, is the company continues to see improved operating performance as it recorded a breakeven bottom-line performance for the month of January 2021, compared to a six-figure net loss in January 2020. This comes on the heels of three consecutive months of profitability in October, November and December 2020, being the first three profitable months in the history of the company.
CEO Rich Wheeless stated, “We have continued to expand our customer base, improve our margins and are continually pushing to increase our presence in not only existing markets, but also in attempting to enter new territories. This has, in part, helped drive our increased revenue and profit margins, and also helps to position us for the year ahead. It is important to note, however, that we cannot guarantee every month to be profitable or for each improving trend to continue on this trajectory or rate.”
ParcelPal is a leader in the growing technology and logistics industry. ParcelPal is a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in cities including Vancouver, Calgary, Toronto and soon in other major cities Canada-wide. Verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.
ParcelPal Website: www.parcelpal.com
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