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Ann: IOU Provides Mid Quarter BNPL Offering & Operations Update, page-108

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SebbyV

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20/08/21

09:33

Post #: 55434651
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Originally posted by 61289439: ↑

Based on the NTR reported for the 6 weeks of $250,000 we are currently almost at breakeven. It's a bit hard to say how much they are spending with their social media campaign and how much more they are going to ramp that up, but we are very close to already showing a profit now. Don;t forget we do have the other revenue stream from our digital transactions - 79 million transactions last quarter and growing by about 10% each quarter.

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I think we need to be very careful talking about profitability at this stage - the digital marketing campaign will have come at some expense, but more importantly we don’t have any idea on bad debts expense yet. I’m hoping the credit risk aspect will be tightly managed from the start, but the Dec Half Year will be the first proper look into this.

IOU Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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