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Company also sees strong market environment confirmed by active Q1 RED BANK, NJ / ACCESSWIRE / July 10, 2024 / Propellus Inc., an Oklahoma corporation, (OTC PINK:PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, reported its financial results for its fiscal year ending March 31, 2024. Higher interest rates, the challenging economic landscape, and tightening credit at most US lending institutions continue to impact small businesses, and many merchants are seeking financing outside traditional channels.
RED BANK, NJ / ACCESSWIRE / March 21, 2024 / Propellus Inc., an Oklahoma corporation, (OTC PINK:PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, announced today that its Board of Directors has adopted a new corporate dividend policy to provide for cash distributions to its common shareholders. Under the terms of this policy, Propellus plans to distribute, in cash, 50% of monthly free cash flow, on a quarterly basis, to its common shareholders.
RED BANK, NJ / ACCESSWIRE / March 14, 2024 / Propellus Inc., an Oklahoma corporation, (OTC PINK:PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, announced today that Shareholders of its Series A Convertible Preferred had opted to convert 3,568.4 or 97.4% of the issued shares at $1.80 per share resulting in the issuance of 2,271,779 new common share, and, Shareholders of its Series B Convertible Preferred had opted to convert 3,288.7 or 90.5% of the issued shares at $1.80 per share resulting in the issuance of 1,827,121 new common shares. Additionally, it had canceled 5.5 million of its common shares owned by founding principals and exchanged them for newly created Series C Convertible Preferred Shares.
NEW YORK , July 11, 2023 /PRNewswire/ -- Propellus Inc., an Oklahoma corporation, (OTC PINK: PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, reported its financial results for its fiscal year ending March 31, 2023. Propellus Releases Year End Results FY 2023 Highlights Gross profits during the period increased to $1,408,915 from $1,191,526 from the corresponding period in 2022 (an increase of 18.2%) Operating Expenses during the period decreased to $2,082,492 from $4,293,867from the corresponding period in 2022 (a decrease of 51.5%) Operating Loss during the period decreased to $673,577 from $2,571,029 from the corresponding period in 2022 (a decrease of 64.5%) Profit/(Loss) Per Share during the period decreased to ($0.05) from ($0.25) from the corresponding fiscal year.
NEW YORK, May 18, 2023 /PRNewswire/ — Propellus Inc., an Oklahoma corporation, (OTC PINK: PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, released a business update through the first 9 months of the current fiscal year. FY 2023 Highlights (4/1/22-12/31/22) Gross profits during the period increased to […]...
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