Have a look at the active customers and the growth they achieved in the US last Q1 to Q4.
The US business suddenly had large growth rates last Q1 which kicked off this rally last October in 2023 at the 25.5c lows. It was a similar story for Q2 to Q4. Amazing growth out of nowhere.
Now we're at a stage where we could possibly stall in the next Q2, Q3, or Q4 updates. At these next updates, with potential disappointing numbers due to no customer growth, we could see a market darling sell off of -30% or more. They are not growing customers and the same customers cannot keep spending 40% more each year in the US.
They either have to get more customers or increase credit limits in the US. They got away with it in this last Q1 update but the next 3 quarterlies have the potential to smash the share price down on a disappointing update. They NEED to grow customers.
ZIP Price at posting:
$3.01 Sentiment: None Disclosure: Not Held
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