Katipult Technology Corp :FUND-CA: Earnings Analysis: Q3, 2017 By the Numbers : April 11, 2018

Katipult Technology Corp reports financial results for the quarter ended September 29, 2017.


  • Summary numbers: Revenues of CAD 0.23 million, Net Earnings of CAD -0.79 million.
  • Change in operating cash flow of -1,905.10% compared to same period last year is about the same as change in earnings, likely no significant movement in accruals or reserves.
  • Narrowing of operating margins contributed to decline in earnings.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2017-09-29 2017-06-29 2017-03-30 2016-12-30 2016-09-29
Relevant Numbers (Quarterly)
Revenues (mil) 0.23 0.34 0.21 0.23 0.19
Revenue Growth (%YOY) 18.93 61.53 25.84 N/A N/A
Earnings (mil) -0.79 -0.06 -0.03 0.07 0.01
Earnings Growth (%YOY) -12360.28 -226.68 -257.63 N/A N/A
Net Margin (%) -351.26 -16.93 -14.07 30.43 3.41
EPS -0.02 -0 -0 0 0
Return on Equity (%) -208.74 -23.8 N/A N/A N/A
Return on Assets (%) -555.45 -53.44 N/A N/A N/A

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Market Share Versus Profits

Revenues History
Earnings History

Compared to the same period last year, FUND-CA’s change in revenue was close to the amount of its change in earnings. It remains to be seen how the rest of its peer group’s results will turn out and if FUND-CA’s performance is a sign of any major shift in the composition of market share in this sector. Also, for comparison purposes, revenues changed by -33.76% and earnings by -1,274.05% compared to the previous period.

Cash Versus Earnings – Sustainable Performance?

It is important to examine a company�s cash versus earnings numbers to gauge whether its performance is sustainable.

FUND-CA’s year-on-year change in operating cash flow of -1,905.10% is around its change in earnings. This suggests that there are likely no significant movement in accruals or reserves for managing earnings this period.


The company’s decline in earnings has been influenced by the following factors: (1) Decline in operating margins (EBIT margins) from 1.92% to -134.51% and (2) one-time items that contributed to a decrease in pretax margins from 3.41% to -351.26%

EBIT Margin History
PreTax Margin History

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Company Profile

Katipult Technology Corp, formerly Deha Capital Corp, is a Canada-based financial technology company. The Company offers an investment software for private capital markets. Katipult Technology Corp offers a cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels, such as: Website, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate. Katipult’s solutions include: Investor Management, Peer to Peer Lending, Investment Crowdfunding, Secondary Markets and BlockChain.

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