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what it is
Paid Inc. sells one platform for payments, carts, shipping, and brewery software.
how it gets paid
Last year Paid made $19M in revenue. PaidPayments was the main engine at $8.0M, or 42% of sales.
what just happened
Revenue hit $15M, but EPS was -$0.06.
At a glance
C++ balance sheet — some cracks in the foundation
25/100 earnings predictability — expect surprises
26.7x trailing p/e — priced about right
15.2% return on capital — nothing to write home about
$0.09 fy2024 eps est
xvary composite: 41/100 — below average
What they do
Paid Inc. sells one platform for payments, carts, shipping, and brewery software.
You get one platform instead of 4 separate tools: PaidPayments, PaidCart, PaidShipping, and PaidWeb. That saves a merchant from stitching together four vendors. The weird part is that 26 employees are trying to sell all of it, which keeps the machine lean.
How they make money
$19M
annual revenue
PaidPayments
$8.0M
PaidCart + PaidWeb
$4.5M
PaidShipping
$3.5M
BeerRun Software
$2.0M
Other services
$1.0M
The products that matter
logistics technology platform
ShipTime
$12M segment · 63% of revenue
it sits inside the $12M Logistics & Shipping segment, which is 63% of revenue and grew 24%. that is where management is pressing its bets.
core segment
B2B payment solutions
PaidPayments
$5M segment · 26% of revenue
this business contributes about $5M, or 26% of revenue. it grew 17%, which helps, but it is still too small to carry the whole investment case.
secondary driver
e-commerce software
PaidCart & PaidWeb
$2M segment · 11% of revenue
these tools make up the $2M E-commerce Software segment, or 11% of revenue, and that business was flat. flat at this size means it is support cast, not the main character.
small and flat
Key numbers
$19M
annual revenue
This is the whole business. You can see the size problem in one number.
2.5%
operating margin
You keep 2.5 cents of profit per sales dollar. That is thin for software.
26.7x
trailing p/e
You pay 26.7 years of last year's earnings for a company with $19M in sales.
$0M
long-term debt
No debt means no lender pressure. That helps when sales stall.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 10 / 100
- long-term debt $0M (0% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for PAYD right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $15M, but EPS was -$0.06.
Sales were up 178% vs. prior year, but the quarter still lost money. Gross margin was 22.8%, so the business kept 22.8 cents of each sales dollar before overhead.
$15M
revenue
-$0.06
eps
22.8%
gross margin
growth without profit
The $15M quarter matters because it shows growth, but the -$0.06 EPS says the company still is not converting it into earnings.
source: company earnings report, 2026
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What could go wrong
the #1 risk is integrating Warehowz into ShipTime without pushing gross margin even lower.
med
Warehowz integration
The February 2026 Warehowz deal is supposed to strengthen the logistics platform. If integration stalls, management is spending time and money inside the segment that already represents $12M, or 63%, of total revenue.
This is the core execution test because the main growth engine is also the one being modified in real time.
med
thin gross margin
Gross margin was 21.1% in the latest update and 22.8% in the broader snapshot view. Either way, this is a thin cushion for software. On a $19M revenue base, every one-point margin hit matters.
At 21.1%, the company keeps about $4.0M of gross profit on $19M of revenue before operating expenses. At 22.8%, that rises to about $4.33M. Neither number leaves much room for surprises.
med
forecast credibility
The snapshot carries a fy2024 EPS estimate of $0.09, but the latest reported EPS is -$0.082. For a business this small, that gap is not noise. It means your valuation input changes fast when one quarter lands badly.
A stock at 26.7x trailing earnings stops looking cheap in a hurry if the cleaner earnings signal is the loss, not the estimate.
med
otc liquidity and volatility
This is a $20M OTC stock with a 52-week range of $2–$4 and a price-stability score of 10 / 100. That setup tends to mean wide spreads, sharp moves, and limited institutional sponsorship.
Even if the business improves, the stock can stay messy. You are taking business risk and market-structure risk at the same time.
A bad integration or another margin slip hits a business producing only about $4.0M–$4.33M of gross profit on $19M of revenue.
source: institutional data · regulatory filings · risk analysis
Pay attention to
integration
Warehowz inside ShipTime
The key question is whether management absorbs the February 2026 deal without pushing gross margin below the current 21.1–22.8% range.
earnings
next report
The next earnings date is estimated to be March 31, 2026. You want the first clean read on post-deal revenue mix and margin behavior.
gross profit
watch the dollars, not just the growth rate
A 23.9% quarterly growth number sounds good. What matters more is whether gross profit rises above the current roughly $4.0M–$4.33M range.
segment mix
is this becoming even more of a logistics story
Logistics & Shipping is already 63% of revenue. If that share keeps climbing while the other segments stay small or flat, the company looks less diversified than the branding suggests.
Analyst rankings
earnings predictability
25 / 100
Low predictability means the numbers can swing more than you want. in human-speak, analysts do not see this as a steady business.
balance sheet grade
C++
That is a below-average balance sheet grade mark. In plain English: there is not a big cushion if execution gets expensive.
source: institutional data
Institutional activity
institutional ownership data for PAYD is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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