The old comparison but go look at Afterpay, they haven't been profitable for years but it's over $20
A positive NPAT in this sector is important but people look at future revenues, user base, transactions, merchants etc.
This is APT Jan 2019 report -
● Gross losses (pro forma) of 1.1% of Afterpay underlying sales ($25.6m), down from 1.6% in pcp($15.1m)
● Late fee income as a percentage of total Afterpay statutory income of 17.6%, declining materiallyfrom 22.5% in the pcp● Net Transaction Loss (pro forma) of 0.5% (statutory result of 0.6%, at bottom of target range of0.6%-1.0%)
None of that particularly sounds great but my god it's a 6bil market cap and i think Zip in 2021 is expected to have a positive NPAT so it has so much future potential!
I did read an article that indicated a new buy now pay later is coming KLARNA, page-8
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Last
$3.25 |
Change
0.140(4.50%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.27 | $3.09 | $45.60M | 14.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8794 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 36106 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |