TessPay Inc. (TPI)

TessPay was planning to go public, but the IPO was withdrawn on Mar 17, 2025.

IPO Price Range

$5.00 - $6.00

Shares Offered

1,300,000

Deal Size

$7.15M

TessPay Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2022	FY 2021
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1.61	0.38	0.45
Revenue Growth	-	-15.53%	-
Gross Profit	0.52	-0.38	-0.16
Operating Income	-2.57	-2.48	-1.22
Net Income	-2.46	-2.34	-1.23

Cash & Debt

Fiscal Year	Current	FY 2022	FY 2021
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	0.08	0.83	1.21
Total Debt	1.26	0.98	2.75
Net Cash (Debt)	-1.18	-0.16	-1.54
Net Cash Growth	-	-	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2022	FY 2021
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-0.73	-1.86	-1.06
Capital Expenditures	-0.52	-0.52	-0.09
Free Cash Flow	-1.25	-2.38	-1.15
Free Cash Flow Growth	-	-	-

Margins

Fiscal Year	TTM	FY 2022	FY 2021
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	32.44%	-98.83%	-36.16%
Operating Margin	-159.72%	-646.90%	-268.72%
Pretax Margin	-153.17%	-610.07%	-271.62%
Profit Margin	-153.17%	-610.07%	-271.62%
FCF Margin	-77.47%	-620.72%	-252.23%