IOU revenue up 23%, with strong increases in merchants and customer account activations showing that along with the Christmas & Luna New Year impact, and Razer merchants going live, that the second half of the quarter will be very strong, and likely be in the $500k revenue range. Also, great to see a 9.6% margin, much higher than all of our peers.
Interesting re COVID delay in the IDSB settlement. Will likely mean that the second payment gets pushed back, allowing us some additional time for financing. Interestingly they call the IDSB transaction “material” to BNPL expansion.
Given this is a pure BNPL update, a good update.
IOU Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
