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Delivery Tech Firm Generates Record Revenue in November
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The Canadian company attributes this achievement to increased sales in each of its business segments.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) generated record revenue, a 75% year-over-year increase, in November 2019, the company announced in a news release.

Specifically, revenue for the month came in at $565,000 versus $322,470 a year earlier. Results were from accelerated sales growth in all of the company's verticals. ParcelPal delivered thousands of packages in November and in doing so, maintained an overall delivery success rate of 99%.

"We saw an acceleration in sales growth across all verticals, especially within eCommerce and same day delivery, which is now starting to scale. This was our biggest November on record, these results are promising across all our geographic segments and verticals, and we're confident about what's ahead. . .Our results this quarter decisively demonstrate the growing profitability and opportunities ahead for us," President and CEO Kelly Abbott said in the release.

During the remainder of 2019, the company intends to initiate major marketing and sales strategies. "I am very confident that we will continue our growth trajectory into 2020 and continue to capitalize on this billion-dollar industry," Abbott added.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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