PIXY - ShiftPixy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.4800
-0.0008 (-0.17%)
At close: 4:00PM EDT
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Previous Close0.4808
Open0.4833
Bid0.4930 x 1000
Ask0.4985 x 900
Day's Range0.4800 - 0.5080
52 Week Range0.2740 - 4.6900
Volume37,679
Avg. Volume167,454
Market Cap17.054M
Beta (3Y Monthly)1.50
PE Ratio (TTM)N/A
EPS (TTM)-0.5910
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Lyft’s Guidance Hike Is Not a Reason to Buy Lyft Stock
    InvestorPlace

    Lyft’s Guidance Hike Is Not a Reason to Buy Lyft Stock

    Lyft's (NASDAQ:LYFT) Q2 results, reported on Aug. 7, were better than expected. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven better than the revenue beat was the company's increased full-year guidance. Lyft stock price initially jumped on the news, then gave up all of its gains as the stock market retreated amid trade-war worries. . While it's great to see the company's outlook is improving, I don't believe that's a reason to buy Lyft stock. Here's why. Investing Is About RetirementMost people invest to fund their retirements. As a result, investors should ensure that their capital is protected as much as possible. Buying stocks is not as much about hitting a home run as it is about getting a bunch of singles over a long period. * 7 Large-Cap Stocks to Sell Right Now Take Lyft stock. It went public on March 28 at $72 per share and gained 8.7% in its first day of trading. Since then, Lyft stock price has lost all of its first-day gains and then some. Down 18% since its IPO, Lyft stock needs more good news like its raised full-year outlook if it's going to make a comeback to $72. However, that shouldn't matter to those investing for their retirements. They ought to be more concerned about Lyft stock price dropping further. As long as LYFT still doesn't have a pathway to GAAP profitability, I can't recommend Lyft stock in good conscience. LYFT Has Got to Have a Shot at ProfitabilityIn April, I compared Lyft to ShiftPixy (NASDAQ:PIXY), a company that operates a platform for hiring and scheduling shift work. It brings shift workers and employers together to do business. Like LYFT, PIXY doesn't make money, but could soon. That's why I suggested that, as speculative plays go, ShiftPixy is a better opportunity than Lyft. Since then, PIXY has lost more than half its value. While Lyft has an $18 billion market cap and is a massive company relative to ShiftPixy, they both have one thing in common: They lose a lot of money. And companies that lose money are for speculators, not investors. In Lyft's Q2, it had revenue of $867.3 million and an adjusted net loss of $197.3 million. That means for every dollar of sales, Lyft lost 23 cents. By comparison, ShiftPixy had $14.3 million in revenue last quarter and a net loss of $5 million, which means it lost 35 cents for every dollar of sales it generated in the quarter. Both companies' numbers are terrible, but at least the owners of ShiftPixy stock know they're dealing with a speculative investment. Average retail investors who don't know any better see Lyft's 72% year-over-year increase in revenue in Q2, along with the 41% YoY increase in its number of active riders, and assume that, given time, LYFT will make a profit. The truth is it might never make a profit, despite its recent good news.In fiscal 2019, Lyft expects to generate revenue of at least $3.47 billion with an adjusted EBITDA loss of $850 million to $875 million. In 2018, Lyft's EBITDA's loss was around $850 million. Do you really want to own stock in a company that's losing close to $1 billion annually? I sure don't. The Bottom Line on Lyft StockOn Aug. 19, the lock-up period will end on about 257.6 million shares of Lyft stock owned by company insiders, directors and officers. As those insiders look to sell some of their shares, the Lyft stock price could take a hit. However, because Lyft stock is trading well below its IPO price, it's unlikely that the earlier-than-expected end of the lock-up period will result in a mass exodus of pre-IPO investors.But while the company's improved outlook is a good morale booster for its employees, the reality is that the guidance hike is not a reason to buy Lyft stock. In my opinion, investors should only buy Lyft stock if the company demonstrates that it has a pathway to profitability. At the moment, such a path doesn't exist.If you're looking to bet on a money loser, Roku (NASDAQ:ROKU) is a much smarter bet. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post Lyft's Guidance Hike Is Not a Reason to Buy Lyft Stock appeared first on InvestorPlace.

  • GlobeNewswire

    ShiftPixy Appoints Domonic J. Carney as Chief Financial Officer

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the hiring of Domonic “DJ” Carney as chief financial officer, replacing Patrice Launay who is leaving the company. A seasoned executive and CPA, Mr. Carney brings to ShiftPixy more than 25 years of experience in finance, accounting and operations, with particular expertise in strategic planning, SEC reporting, cash flow management and P&L responsibility.  Over the course of his impressive career, since serving as senior auditor at Deloitte & Touche in the early 1990s, he has twice served as Chief Financial Officer and has worked with an impressive group of public and private companies, from large corporations to high-growth startups spanning the high technology, contract manufacturing, advanced materials, and energy sectors.  Mr. Carney holds a Bachelor of Arts degree in Economics from Dartmouth College and a Masters in Accounting from Northeastern University.

  • Zacks Small Cap Research

    PIXY: ShiftPixy Still Showing High Growth and Improving Margins in Q3 FY2019

    While toxic financing has knock down the stock price, ShiftPixy (PIXY) still reported a solid quarter amidst all the drama from the recent convertible note transaction. For the first time ShiftPixy beat our gross billings number, coming in at $94.2 million compared with $60.2 million in FYQ3 2018, up 57%. Incredibly despite this performance, the company is trading at $14 million enterprise value despite being at a $57 million revenue run rate with improving margins and growth over 50%.

  • Benzinga

    ShiftPixy Falls After Q3 Earnings Miss

    ShiftPixy (NASDAQ: PIXY ) shares fell after the company reported third-quarter losses of 15 cents per share, which missed the analyst consensus estimate for a loss of 8 cents. The company reported quarterly ...

  • GlobeNewswire

    ShiftPixy, Inc. Reports Fiscal 2019 Third Quarter Results

    IRVINE, Calif., July 22, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary.

  • GlobeNewswire

    ShiftPixy to Announce Fiscal Third Quarter 2019 Results

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will release its fiscal third quarter 2019 earnings results before the market open on Monday, July 22, 2019. Management will host a webcast to discuss the results at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) on Monday, July 22, 2019.  To access the webcast, please visit the investor relations section of the Company's website at www.shiftpixy.com.  The on-line replay will be available for one month after conclusion of the call. ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.  With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Provides Update on Release of Fiscal Third Quarter 2019 Results

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, has postponed the release date for its fiscal third quarter 2019 earnings results and will provide a new date for the release as soon as possible. ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Announces Stock Repurchase Program

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its Board of Directors has authorized the repurchase of up to ten million shares of its outstanding common stock over an initial period of 18 months, extendable at the Board’s discretion.  The stock repurchase program will be funded through the Company's existing cash. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion, in accordance with applicable SEC regulations, and will be subject to economic and market conditions, stock price, applicable legal requirements, and other factors.

  • Some ShiftPixy (NASDAQ:PIXY) Shareholders Have Taken A Painful 75% Share Price Drop
    Simply Wall St.

    Some ShiftPixy (NASDAQ:PIXY) Shareholders Have Taken A Painful 75% Share Price Drop

    ShiftPixy, Inc. (NASDAQ:PIXY) shareholders will doubtless be very grateful to see the share price up 60% in the last...

  • GlobeNewswire

    ShiftPixy to Participate in the 9th Annual LD Micro Invitational

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that it will be presenting at the LD Micro Conference in Los Angeles, California.  The company will present on June 5th at 10:40 Pacific and will be available for one-on-one meetings both June 4th and June 5th. LD Micro was founded in 2006 and has grown beyond its original newsletter to now host several influential events annually. ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

  • GlobeNewswire

    ShiftPixy to Introduce Breakthrough Self-Delivery Platform at Upcoming Tradeshow

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will introduce its self-delivery strategy and accompanying technology at the 2019 National Restaurant Association (NRA) Show taking place May 18-21 in Chicago. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Presents Its Latest Innovations at the 2019 National Restaurant Association Show

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will exhibit its latest restaurant-targeted technologies at the 2019 National Restaurant Association (NRA) Show taking place May 18-21 in Chicago. “We’re excited to participate in this year’s NRA Show.  We know there are two things really hurting restaurant operators right now…they can’t find and keep quality employees, and they lose money on every third-party order that goes out the door,” said Scott Absher, CEO of ShiftPixy. Now in its 100th year, the NRA Show is the largest annual gathering of the restaurant, foodservice and hospitality industries in the US, welcoming over 43,000 attendees.

  • GlobeNewswire

    ShiftPixy to Participate in the Piper Jaffray Restaurant Series 2019

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its newly appointed Chief Technology Officer, Doug Moss, will sit on a panel at Piper Jaffray’s “Restaurant Series 2019: Tech Bites into the Restaurant Industry” in New York City on May 7th, 2019.  The panel is entitled, “The Labor Market and the Fight for Talent” and is scheduled for 2:15 Eastern. Mr. Moss joined ShiftPixy in 2018, bringing with him more than 20 years of industry experience including web and mobile customer expertise, developed during a dynamic and successful career at companies such as Levy Restaurants, Pacific Life, The Los Angeles Galaxy and his own consulting firm, Evergreen Experience.  He has overseen platform development and multiple product teams at ShiftPixy as they have quickly worked to deliver a world-class, customer-focused solution.

  • GlobeNewswire

    ShiftPixy Names Doug Moss Chief Technology Officer

    IRVINE, Calif., April 30, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary.

  • GlobeNewswire

    ShiftPixy to Present and Host Meetings at the Planet MicroCap Showcase 2019

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced it will present at the Planet MicroCap Showcase on Wednesday, May 1, 2019 and will host one-on-one meetings on May 2, 2019. If you have any questions about the Planet MicroCap Showcase 2019, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information. ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

  • ACCESSWIRE

    ShiftPixy to Present and Host Meetings at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV

    IRVINE, CA / ACCESSWIRE / April 26, 2019 / ShiftPixy, Inc. (NASDAQ: PIXY ), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates ...

  • ACCESSWIRE

    MicroCap Review Magazine Spring 2019 Issue Now Available

    The Digital Issue of the Spring 2019 MicroCap Review Magazine,The Official Magazine for the MicroCap Stock Market, can be read on www.StockNewsNow.com LOS ANGELES, CA / ACCESSWIRE / April 23, 2019 / SNN ...

  • Zacks Small Cap Research

    PIXY: Gross Margin Dollars Grow 266% in Q2 FY 2019

    ShiftPixy (PIXY), again, missed our gross billings and revenue numbers for the quarter and more than compensated with its gross margin performance. Gross margin dollars grew 266%. In Q1 it reported gross margin of 32.2%, but within that quarter it had had a one-time reversal of unemployment tax without which, margin would have been 22.7%.

  • InvestorPlace

    ShiftPixy vs. Lyft: Which Is the Better Buy?

    I like to cover businesses that are making money or on a pathway to profitability. ShiftPixy (NASDAQ:PIXY) announced good results April 15, sending PIXY stock higher by more than 5% in early trading. * 7 Stocks That Can Outperform for Years Here's a company that provides shift workers and the companies that employ them a platform to take care of business. It's a win/win proposition. So, what's this got to do with Lyft (NASDAQ:LYFT), the United States' second-largest ride-sharing app (based on market share)? InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, nothing, if you're comparing companies in the same industry. However, if you're interested in owning stocks that have a shot at making money in the near future, Shiftpixy stock is the much better option. Here's why… Lyft Losses EnormousIn fiscal 2018, Lyft's operating loss was 45 cents for every dollar of its $2.16 billion in revenue. Its IPO prospectus says that it may never make a profit."We have incurred net losses each year since our inception and we may not be able to achieve or maintain profitability in the future. We incurred net losses of $682.8 million, $688.3 million and $911.3 million in 2016, 2017 and 2018," stated the prospectus. Uber is expected to go public next month. It loses 27 cents for every dollar of its $11.3 billion in annual revenue, a slightly healthier number than Lyft. Together, the two ride-sharing apps lose 35 cents for each dollar in revenue. In Lyft's case, as it tries to wrestle market share from Uber, its losses are rising, while Uber's seem to have stabilized. Still, both could be profitless for the next five years or longer. So, unless you're a venture capitalist in waiting, might I suggest something like ShiftPixy, which is much closer to break-even and also provides a platform for growth. ShiftPixy's Latest ResultsThe company announced its second-quarter 2019 results on April 15, before the markets opened. They were very encouraging. As I started to write this article, Shiftpixy was up more than 5% in early trading. It's now dropped into negative territory. Despite the change in direction -- the markets as a whole are down -- there are some numbers to like from its earnings report. On the top line, revenues were $13.2 million, 67% higher than a year earlier, and 26% higher than in Q1 2019. Gross billings in the quarter increased by 70% to $82.5 million. ShiftPixy essentially pays the shift workers and generates revenue by marking up the payroll. In the second quarter, it had 9,660 worksite employees accessing the ShiftPixy platform, up 47% over Q2 2018. The more worksite employees are working with its clients -- it had 25 clients as of the end of November 2018 -- the more revenue it makes from its platform. At the end of the first quarter, four of those clients accounted for 75% of its total accounts receivable, down from 86% in Q4 2018. It's heading in the right direction. Once the 10-Q is out, I'd bet that number would be down into the low 60s. Profits Soon EnoughIn terms of profits, Shiftpixy's gross margin in the quarter was 24.4% -- more than double its 11.1% gross margin in the same quarter a year earlier. In regard to operating profit, Shipftpixy lost $2.2 million in Q2 2019, 18% lower than a year earlier. That's 17 cents in losses for every dollar of revenue, about half the amount of Lyft and Uber combined. Also, in late December, Shiftpixy came to a settlement agreement with certain institutional investors regarding the company's 8% senior secured convertible notes due Sept. 4, 2019. The agreement reduced Shiftpixy's liabilities by $2.61 million, which went right to its bottom line, reducing its net loss to $338,531 (considerably less than the $2.7 million in Q2 2018). In the first six months of 2019, Shiftpixy's net loss dropped by 61% to $2.3 million from $6.1 million a year earlier. As it continues to add clients and shift workers to its platform, I'd expect Shiftpixy to turn profitable sometime in fiscal 2020, perhaps sooner. The Bottom Line on Shiftpixy StockIs PIXY stock risky?At $1.20 or so, you better believe it. That said, its use of artificial intelligence for onboarding shift workers appears to be gaining traction. Good businesses generally help people and companies make and save money and time. * 10 Dow Jones Stocks Holding the Blue Chip Index Back For that reason, as a speculative play, ShiftPixy holds some appeal. I can't say the same about Lyft or Uber. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post ShiftPixy vs. Lyft: Which Is the Better Buy? appeared first on InvestorPlace.

  • GlobeNewswire

    ShiftPixy, Inc. Reports Fiscal 2019 Second Quarter Results

    IRVINE, Calif., April 15, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary.

  • GlobeNewswire

    ShiftPixy to Announce Fiscal Second Quarter 2019 Results

    ShiftPixy, Inc. (PIXY), a disruptive workforce engagement platform provider, will release its fiscal second quarter 2019 earnings results before the market open on Monday, April 15, 2019. Management will host a webcast to discuss the results at 9:00 a.m. Eastern Time on Monday, April 15, 2019.  To access the webcast, please visit the investor relations section of the Company's website at www.shiftpixy.com.  The on-line replay will be available for one month after conclusion of the call. ShiftPixy (PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

  • GlobeNewswire

    ShiftPixy Appoints Industry Veteran Kirk M. Flagg as Chief Compliance Officer

    ShiftPixy, Inc. (PIXY), a disruptive workforce engagement platform provider, today announced the hiring of Kirk Flagg as Chief Compliance Officer and Secretary. Kirk is an accomplished veteran of the employer services industry, having served as COO of Kelly Staff Leasing, VP of Human Resources & Government Relations as well as a senior trial attorney in the Civil Rights Division of the US Department of Justice.  Mr. Flagg received his Juris Doctorate from the University of Notre Dame Law School.

  • Zacks Small Cap Research

    PIXY: ShiftPixy’s Goal for 2019 is to Quintuple Business

    While it will need funding, ShiftPixy’s (PIXY) management said on its earnings call that its goal for calendar year 2019 is to end the calendar year serving 50,000 worksite employees compared with approximately 10,000 at the end of 2018. In its presentation at a conference on January 14th, it also stated its gross billings target for the year was $750 million. While ShiftPixy missed our gross billings and revenue numbers for the quarter it more than compensated with its gross margin performance.

  • GlobeNewswire

    ShiftPixy, Inc. Reports Fiscal 2019 First Quarter Results

    IRVINE, Calif., Jan. 11, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a developing, proprietary next-gen technology platform for workforce engagement and management, today announced.

  • GlobeNewswire

    ShiftPixy to Participate in the 21st Annual ICR Conference on January 14, 2019

    ShiftPixy, Inc. (PIXY), a disruptive workforce engagement platform provider, today announced that Scott W. Absher, Chief Executive Officer, will present at the 21st Annual ICR Conference, one of the largest investment conferences of the year featuring presentations by more than 200 public and private companies, with attendance by institutional investors, private equity professionals, equity research analysts and select media approximating 3,000 in total. The conference will be hosted at the JW Marriott Grande Lakes Hotel & Resort in Orlando, Florida, and ShiftPixy will present on Monday, January 14, 2019 at 2:30 pm ET.  To access a webcast of the presentation please visit the investor relations section of the Company's website at www.shiftpixy.com.  A replay will be available for a limited time beginning within one hour of the conclusion of the call.