Based on your comment don't appear to have any reasonable idea...

Based on your comment don't appear to have any reasonable idea about the size and scale and investment, or reasonable expectations for the business.

Nobody expects them to be an overnight success. $9.5m revenue for the quarter is a run rate of $38m per annum (pretty close to your $40m). You compare them to Zip with $100m for the quarter. ZIP have raised/spent over $1B of equity (something like $1.4-$1.5B) to generate $100m per quarter. LBY has raised about $80-90m of equity in total so far. In order to generate $100m per quarter, Zip have loans out of over $1.5B. Laybuy has something like $40m. Laybuy's early performance makes Zip look like it was having a stroll in the park (and Laybuy did it by starting in a market that was substantially smaller than Australia). Zip has had to buy their growth.

I know which business I would prefer to be a shareholder in.

How do you say they are slow for a startup? They had revenue growth of 157% for Q3 FY21 vs Q3 FY20 ($9.5m vs $3.7m), so that is 2.5x the size. That is huge growth.

And @crazydave is just living up to his name, not being happy with the 157% growth!!

And @elcappo was expecting ARR of $55-$60m... really? With a market cap of <$250m. Reality is this should have a market cap of something like $400m as a minimum right now, and it would still be trading at a discount to the other companies.

Half the people on this chain clearly don't understand the company's reporting and look like they don't attend the webinar that the company puts on for all shareholders. If you did, you would understand the connection between growth in new customers, and default rates (grow faster means higher defaults). And you would understand that the cost structure in UK is different to AU and NZ, and therefore the top line revenue charged to the merchant is lower, but the profit is the same.

And they don't need Coles, KMart and BigW. They are all Australian retailers. Laybuy don't care about the Australian market, it is purely a test bed for them. UK is where it is at. Zip are currently no where in the UK, even though they've had a team there for 3 months. OPY is no where in the UK. The 3 big players in the UK are Klarna, Afterpay (via ClearPay) and Laybuy. That is where their focus should be. And they are doing a great job.

It always surprises me for people who have bought a share and have no idea about it, especially after the company has just put out a detailed announcement and presentation!

Cheers
Marv