|Over a week ago|
Del Taco franchisee partners with ShiftPixy to combat COVID-19 » 09:1105/1905/19/20
ShiftPixy (PIXY) announced a partnership with Diamondback DTNM, operator of 11 Del Taco (TACO) restaurants in the Albuquerque, NM area, to comprehensively implement ShiftPixy's disruptive platform across all locations in the face of the Coronavirus pandemic. The Del Taco franchisee is leveraging ShiftPixy's end-to-end platform for human capital management and native delivery. With restaurants across the country facing unparalleled obstacles and forced to dramatically adapt, ShiftPixy recently announced its Restaurant Resilience Plan to give operators access to technology and services vital to their survival and ideal for once business reopens.
ShiftPixy unveils free digital restaurant solution to support restaurants » 09:0805/1205/12/20
ShiftPixy announced that…
ShiftPixy announced that as part of its recently introduced Restaurant Resilience Plan, its technology platform specifically designed for restaurants is now available for free, without initial investment, to help restaurant operators and entrepreneurs as they face the unprecedented impacts of the COVID-19 crisis. Offering a digital platform that manages everything from online ordering through to native delivery driver management, ShiftPixy is making its technology more readily available so that restaurants can focus on doing what they do best - offering a great food experience. In addition to the free implementation of its platform, ShiftPixy also offers HNOA insurance to each of its delivery tickets to further ease the struggles of restaurants shifting to a delivery-first environment. Further, ShiftPixy is waving all delivery fees throughout the crisis.
ShiftPixy announces international expansion into Canada » 09:2005/0705/07/20
ShiftPixy announced its…
ShiftPixy announced its first international expansion, ShiftPixy Canada, to meet the recent increased interest from multi-unit restaurant operators in Canada. The company is currently in the process of completing all the necessary registrations in each of Canada's ten provinces and plans to begin offering its end-to-end restaurant solution to Canadian customers as soon as that process is complete in the coming months. The company has established ShiftPixy Canada as a wholly-owned subsidiary. With its $90 billion foodservice industry, Canada represents ShiftPixy's first international expansion, a continuation of the company's aggressive growth strategy that has evolved from California-only followed by nationwide service across the US. The company will continue its expansion to international markets that meet its criteria and are ripe for disruption in the restaurant industry. As restaurants face an uncertain future globally, operators are seeking simple, digital solutions that can help them not only weather the storm but also better reinforce their business infrastructure. Furthermore, third-party delivery partners are eating into restaurants' already thin margins. ShiftPixy's human capital management, online ordering and native delivery services offer Canadian restaurants an all-in-one platform. In addition to Canada, ShiftPixy is working with relevant partners and regulators in nations throughout Latin America and Japan in order to meet the demand in those markets.
|Over a month ago|
ShiftPixy launches 'Shifter Waitlist' to help restaurant workers » 09:0404/2204/22/20
ShiftPixy announced the…
ShiftPixy announced the launch of its new 'Shifter Waitlist', allowing restaurant employees displaced by the coronavirus pandemic to sign up now for available work at restaurants when business restarts. ShiftPixy currently serves thousands of restaurant workers in markets across the country, and is rolling out its Shifter Waitlist to facilitate recovery plans for both employees and operators nationwide. ShiftPixy's platform leverages AI-driven technology and the concept of gig work to elevate worker engagement in the restaurant space, offering greater flexibility between shift workers and operators with open shifts.
ShiftPixy to catalyze digital infrastructure reinforcement leveraging PPP » 09:0304/1504/15/20
ShiftPixy announced the…
ShiftPixy announced the company's initiative to catalyze digital infrastructure reinforcement and human capital management repurposing for multi-unit restaurant operators during the COVID-19 pandemic by leveraging the new Paycheck Protection Program small business loans. As some of the hardest hit businesses by the global pandemic, restaurants across the country have been forced to furlough or lay off most, if not all, of their employees in addition to closing their dining rooms. Further, many restaurants lack the proper delivery infrastructure to adapt to the current environment. The rollout of the PPP, offering two-year, forgivable loans, has created a unique opportunity - a life boat of sorts - for restaurants to invest in repurposing their staff to better serve delivery demand, which ShiftPixy is uniquely positioned to immediately assist in implementing. While third-party delivery companies face uncertainty on both employee designation and increased demand, ShiftPixy is working with restaurants across the country to deploy their current staff as delivery drivers. In addition to avoiding unnecessary commissions, restaurants can maintain better brand control and ensure a superior customer experience by repurposing staff for native delivery.
ShiftPixy reports increased levels of inbound interest due to COVID-19 pandemic » 08:1903/2003/20/20
ShiftPixy discussed the…
ShiftPixy discussed the Company's increased levels of inbound interest due to the current COVID-19 pandemic."As you can imagine, we are busy responding to many inquiries from most of the national brands, all of which are trying to keep their employees busy and connected to their store, and wish to use our self-delivery platform to stay connected with customers," stated ShiftPixy's co-founder and CEO Scott Absher. "In response to the pandemic, major cities including Los Angeles, New York City and Seattle have banned dine-in restaurants, restricting businesses to takeout and delivery exclusively. Using ShiftPixy's driver management technology, restaurant operators can control delivery with their own staff without having to deal with the uncertainties of third-party delivery services. In partnership with ShiftPixy, these restaurants can train their staff to act as delivery drivers - repurposing their existing human capital while adjusting to the current needs of the marketplace. Coronavirus is hitting all aspects of society hard, and restaurants have had a particularly rough time. Our technology provides a native delivery opportunity to allow multi-unit operators to remain operational in this very challenging environment."
|Over a quarter ago|
ShiftPixy appoints Christopher Sebes to board of directors » 08:1002/1002/10/20
ShiftPixy announced the…
ShiftPixy announced the appointment of Christopher Sebes to its board of directors. Sebes was the creator of Twenty20 Visual Systems, the first-ever Microsoft Windows POS company, and went on to become the CEO of Progressive Software. From there, he founded Xpient Solutions, for which he served as CEO for over a decade.
Fly Intel: After Hours Movers » 18:2501/0701/07/20
PIXY, GRTX, GNLN, CPIX, EXFO, LTHM, RADA, SPNE, PNM
HIGHER: ShiftPixy (PIXY),…
HIGHER: ShiftPixy (PIXY), up 200.7% after completing its recapitalization... Galera (GRTX), up 12.8% after announcing initial dosing in its Phase 2a clinical trial of GC4419... Greenlane (GNLN), up 12.6% after announcing a distribution agreement with AVD... Cumberland (CPIX), up 1.9% after announcing the national launch of a new Caldolor ready-to-use product. DOWN AFTER EARNINGS: EXFO (EXFO), down 16.1%. ALSO LOWER: Livent (LTHM), down 13.3% after providing guidance for Q4, fiscal 2019, and fiscal 2020... RADA Electronic (RADA), down 8.4% after it filed to sell common stock... SeaSpine (SPNE), down 4.3% after providing Q4 and FY20 revenue guidance... PNM Resources (PNM), down 3.2% after it filed to sell 4.9M shares of common stock.
ShiftPixy completes recapitalization » 18:1401/0701/07/20
ShiftPixy announced the…
ShiftPixy announced the assignment of 60% of its contracted book of business for $20M. The company expects proceeds to fully fund operations through to cash flow breakeven, including the ongoing successful development of its next-gen workforce platform, and to further fulfill its growth initiatives. Given the company's early calendar year 2020 business outlook, its accelerating growth profile, and an enhanced focus on its most profitable customers resulting from the assignment, ShiftPixy expects to quickly replace the revenue stream and achieve cash flow breakeven by mid calendar year 2020.
ShiftPixy appoints Domonic Carney as CFO » 08:3008/0108/01/19
ShiftPix announced the…
ShiftPix announced the hiring of Domonic "DJ" Carney as chief financial officer, replacing Patrice Launay who is leaving the company. 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.