EX-99.1 2 pixy_ex991.htm PRESENTATION MATERIALS pixy_ex991.htm

EXHIBIT 99.1

 

ANNUAL RESULTS

 

 

YTD RESULTS

 

 

QUARTERLY RESULTS

 

PROFITABILITY RATIOS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 17

 

 

NINE MONTHS ENDED MAY 16

 

 

THREE MONTHS ENDED MAY 17

 

 

THREE MONTHS ENDED MAY 16

 

GROSS BILLINGS (REVENUE) & NET REVENUE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS BILLINGS (REVENUE)

 

$ 50,672,129

 

 

$ 77,661

 

 

$ 93,252,371

 

 

$ 15,605,125

 

 

$ 27,456,730

 

 

$ 13,324,855

 

NET REVENUE

 

$ 8,460,653

 

 

$ 17,705

 

 

$ 15,718,780

 

 

$ 2,574,846

 

 

$ 4,628,362

 

 

$ 2,198,601

 

GROSS PROFIT & GROSS MARGIN:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

$ 1,516,429

 

 

$ 6,049

 

 

$ 4,756,786

 

 

$ 1,168,102

 

 

$ 878,013

 

 

$ 975,690

 

GROSS MARGIN

(Gross Profit/Gross Billings)

 

 

3.0 %

 

 

7.8 %

 

 

5.1 %

 

 

7.5 %

 

 

3.2 %

 

 

7.3 %

PROFIT & LOSS RATIOS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

(Net Profit/Net Income)

 

$ (1,854,556 )

 

$ (53,681 )

 

$ (2,470,048 )

 

$ (150,655 )

 

$ (2,709,672 )

 

$ 49,756

 

OPERATING MARGIN

(Net Income/Gross Billings/Revenue)

 

 

-3.7

%

 

 

-69.1

%

 

 

-2.6

%

 

 

-1.0

%

 

 

-9.9

%

 

 

0.4 %

NET INCOME (LOSS) PER SHARE

(Net Income/Share)

 

$ (0.07 )

 

$ (0.00 )

 

$ (0.09 )

 

$ (0.01 )

 

$ (0.10 )

 

$ 0.00

 

 

 

 

ANNUAL RESULTS

 

 

YTD RESULTS

 

BALANCE SHEET RATIOS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS

ENDED MAY 17

 

CURRENT RATIO

(Current Assets/Current Liabilities)

 

 

0.80

 

 

 

6.49

 

 

 

0.51

 

WORKING CAPITAL FUNDS

(Current Assets Less Current Liabilities)

 

$ (328,983 )

 

$ 101,319

 

 

$ (1,037,326 )

LEVERAGE RATIO

(Total Liabilities/Total Assets)

 

 

0.93

 

 

 

0.15

 

 

 

1.43

 

DEBT-TO-EQUITY RATIO

(Total Liabilities/Total Shareholders Funds)

 

 

13.43

 

 

 

0.18

 

 

 

(3.33 )

 
 
1
 
 

 

 

 

ANNUAL RESULTS

 

 

YTD RESULTS

 

BALANCE SHEET RATIOS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 17

 

CURRENT RATIO

(Current Assets/Current Liabilities)

 

 

0.80

 

 

 

6.49

 

 

 

0.51

 

WORKING CAPITAL FUNDS

(Current Assets Less Current Liabilities)

 

$ (328,983 )

 

$ 101,319

 

 

$ (1,037,326 )

LEVERAGE RATIO

(Total Liabilities/Total Assets)

 

 

0.93

 

 

 

0.15

 

 

 

1.43

 

DEBT-TO-EQUITY RATIO

(Total Liabilities/Total Shareholders Funds)

 

 

13.43

 

 

 

0.18

 

 

 

(3.33 )

 

ANNUAL RESULTS

YTD RESULTS

 

 

FYE AUG

2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 17

 

ASSETS

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

CASH

 

$ 868,532

 

 

$ 103,650

 

 

$ 511,267

 

ACCOUNTS RECEIVABLE

 

$ 56,438

 

 

$ -

 

 

$ 155,995

 

PREPAID EXPENSES

 

$ 342,996

 

 

$ 16,129

 

 

$ 404,820

 

OTHER CURRENT ASSETS

 

$ 73,482

 

 

$ -

 

 

$ 17,470

 

TOTAL CURRENT ASSETS

 

$ 1,341,448

 

 

$ 119,779

 

 

$ 1,089,552

 

FIXED ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

FIXED ASSETS, NET

 

$ 348,773

 

 

$ -

 

 

$ 304,413

 

DEPOSITS AND OTHER ASSETS

 

$ 104,613

 

 

$ -

 

 

$ 93,483

 

TOTAL FIXED ASSETS

 

$ 453,386

 

 

$ -

 

 

$ 397,896

 

TOTAL ASSETS

 

$ 1,794,834

 

 

$ 119,779

 

 

$ 1,487,448

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

ACCOUNTS PAYABLE

 

$ 826,447

 

 

$ 18,460

 

 

$ 578,105

 

PAYROLL RELATED LIABILITIES

 

$ 722,715

 

 

$ -

 

 

$ 1,178,545

 

OTHER CURRENT LIABLILITIES

 

$ 121,269

 

 

$ -

 

 

$ 370,228

 

TOTAL CURRENT LIABILITIES

 

$ 1,670,431

 

 

$ 18,460

 

 

$ 2,126,878

 

LONG-TERM LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

OTHER

 

$ -

 

 

$ -

 

 

$ -

 

TOTAL LONG-TERM LOANS

 

$ -

 

 

$ -

 

 

$ -

 

TOTAL LIABILITIES

 

$ 1,670,431

 

 

$ 18,460

 

 

$ 2,126,878

 

 

NET ASSETS

(Assets Less Liabilities - Should Equal Total Shareholders Funds)

 

$ 124,403

 

 

$ 101,319

 

 

$ (639,430 )

 

SHAREHOLDER FUNDS (EQUITY)

 

 

 

 

 

 

 

 

 

 

 

 

COMMON STOCK (PAR VALUE)

 

$ 2,622

 

 

$ 2,528

 

 

$ 2,664

 

ADDITIONAL PAID-IN CAPITAL

 

$ 2,030,018

 

 

$ 152,472

 

 

$ 3,735,891

 

ACCUMULATED DEFICIT

 

$ (1,908,237 )

 

$ (53,681 )

 

$ (4,378,285 )

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

 

$ 1,794,834

 

 

$ 119,779

 

 

$ 1,487,148

 

 
 
2
 
 

 

 

 

ANNUAL RESULTS

 

 

YTD RESULTS

 

 

QUARTERLY RESULTS

 

INCOME STATEMENT HIGHLIGHTS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 17

 

 

NINE MONTHS ENDED MAY 16

 

 

THREE MONTHS ENDED MAY 17

 

 

THREE MONTHS ENDED MAY 16

 

GROSS BILLINGS (REVENUE) & NET REVENUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS BILLINGS (REVENUE)

 

$ 50,672,129

 

 

$ 77,661

 

 

$ 93,252,371

 

 

$ 15,605,125

 

 

$ 27,456,730

 

 

$ 13,324,855

 

NET REVENUE

 

$ 8,460,653

 

 

$ 17,705

 

 

$ 15,718,780

 

 

$ 2,574,846

 

 

$ 4,628,362

 

 

$ 2,198,601

 

GROSS PROFIT & GROSS MARGIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

$ 1,516,429

 

 

$ 6,049

 

 

$ 4,756,786

 

 

$ 1,168,102

 

 

$ 878,013

 

 

$ 975,690

 

GROSS MARGIN

(Gross Profit/Gross Billings)

 

 

3.0 %

 

 

7.8 %

 

 

5.1 %

 

 

7.5 %

 

 

3.2 %

 

 

7.3 %

PROFIT & LOSS RATIOS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

(Net Profit/Net Income)

 

$ (1,854,556 )

 

$ (53,681 )

 

$ (2,470,048 )

 

$ (150,655 )

 

$ (2,709,672 )

 

$ 49,756

 

NET INCOME (LOSS) PER SHARE

(Net Income/Share)

 

$ (0.07 )

 

$ (0.00 )

 

$ (0.09 )

 

$ (0.01 )

 

$ (0.10 )

 

$ 0.00

 

 

INCOME STATEMENT DETAILS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 17

 

 

NINE MONTHS ENDED MAY 16

 

 

THREE MONTHS ENDED MAY 17

 

 

THREE MONTHS ENDED MAY 16

 

GROSS BILLINGS (REVENUE)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS BILLINGS (REVENUE)

 

$ 50,672,129

 

 

$ 77,661

 

 

$ 93,252,371

 

 

$ 15,605,125

 

 

$ 27,456,730

 

 

$ 13,324,855

 

ADJUSTMENTS TO GROSS BILLINGS (REVENUE)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL ADJUSTMENTS TO GROSS BILLINGS (REVENUE)

 

$ 42,211,476

 

 

$ 59,956

 

 

$ 77,533,591

 

 

$ 13,030,279

 

 

$ 22,828,368

 

 

$ 11,126,254

 

NET REVENUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL NET REVENUE

 

$ 8,460,653

 

 

$ 17,705

 

 

$ 15,718,780

 

 

$ 2,574,846

 

 

$ 4,628,362

 

 

$ 2,198,601

 

COST OF REVENUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL COST OF REVENUE

 

$ 6,944,224

 

 

$ 11,656

 

 

$ 10,961,994

 

 

$ 1,406,744

 

 

$ 3,750,349

 

 

$ 1,222,911

 

GROSS PROFIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

$ 1,516,429

 

 

$ 6,049

 

 

$ 4,756,786

 

 

$ 1,168,102

 

 

$ 878,013

 

 

$ 975,690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL OPERATING EXPENSES

 

$ 3,370,985

 

 

$ 59,730

 

 

$ 7,226,834

 

 

$ 1,318,757

 

 

$ 3,587,685

 

 

$ 925,934

 

NET INCOME (LOSS)

 

$ (1,854,556 )

 

$ (53,681 )

 

$ (2,470,048 )

 

$ (150,655 )

 

$ (2,709,672 )

 

$ 49,756

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS) PER SHARE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC

 

$ (0.07 )

 

$ (0.00 )

 

$ (0.09 )

 

$ (0.01 )

 

$ (0.10 )

 

$ 0.00

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES USED IN PER SHARE COMPUTATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC

 

 

25,630,874

 

 

 

24,110,852

 

 

 

26,337,976

 

 

 

25,436,894

 

 

 

26,555,706

 

 

 

25,653,731

 

 
 
3
 
 

 

 

 

ANNUAL RESULTS

 

 

YTD RESULTS

 

STATEMENT OF CASH FLOWS:

 

FYE AUG
2016

 

 

FYE AUG
2015

 

 

NINE MONTHS ENDED MAY 2017

 

 

NINE MONTHS ENDED MAY 2016

 

NET INCOME (LOSS)

 

$ (1,854,556 )

 

$ (53,681 )

 

$ (2,470,048 )

 

$ (150,655 )

ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH USED IN OPERATIONS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEPRECIATION AND AMORTIZATION

 

$ 23,222

 

 

$ -

 

 

$ 49,021

 

 

$ 12,620

 

STOCK BASED COMPENSATION

 

$ -

 

 

$ -

 

 

$ 328,415

 

 

$ -

 

 

CHANGES IN OPERATING ASSETS AND LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ACCOUNTS RECEIVABLE

 

$ (56,438 )

 

$ -

 

 

$ (99,557 )

 

$ (93,477 )

PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

$ (400,349 )

 

$ (16,129 )

 

$ (5,812 )

 

$ (307,639 )

OTHER ASSETS

 

$ (104,613 )

 

$ 18,460

 

 

$ 11,430

 

 

$ (117,107 )

ACCCOUNTS PAYABLE

 

$ 807,987

 

 

$ -

 

 

$ (248,342 )

 

$ 360,863

 

PAYROLL RELATED LIABILITIES

 

$ 722,715

 

 

$ -

 

 

$ 455,830

 

 

$ 549,305

 

OTHER CURRENT LIABILITIES

 

$ 121,269

 

 

$ -

 

 

$ 248,959

 

 

 

 

 

NET CASH FLOW FROM OPERATIONS

 

$ (740,763 )

 

$ (51,350 )

 

$ (1,730,104 )

 

$ 253,910

 

 

INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PURCHASE OF FIXED ASSETS

 

$ (371,995 )

 

$ -

 

 

$ (4,661 )

 

$ (270,186 )

NET CASH FLOW FROM INVESTING ACTIVITIES

 

$ (371,995 )

 

$ -

 

 

$ (4,661 )

 

$ (270,186 )

 

FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROCEEDS FROM THE ISSUANCE OF COMMON STOCK WITH WARRANTS

 

$ 1,872,600

 

 

$ 155,000

 

 

$ 1,377,500

 

 

$ 1,767,641

 

PROCEEDS FROM THE ISSUANCE OF STOCK SUBSCRIPTION RECEIVABLE

 

$ 5,040

 

 

$ -

 

 

$ -

 

 

$ -

 

NET CASH FLOW FROM FINANCING ACTIVITIES

 

$ 1,877,640

 

 

$ 155,000

 

 

$ 1,377,500

 

 

$ 1,767,641

 

NET INCREASE IN CASH

 

$ 764,882

 

 

$ 103,650

 

 

$ (357,265 )

 

$ 1,751,365

 

 

CASH AT BEGINNING OF PERIOD

 

$ 103,650

 

 

$ -

 

 

$ 868,532

 

 

$ 103,650

 

 

CASH AT END OF PERIOD

 

$ 868,532

 

 

$ 103,650

 

 

$ 511,267

 

 

$ 1,855,015

 

 

 

4