The company has a market cap of $200m but what does it have to show for it exactly.. losses upon losses. Revenue is growing, but the company is certainly not profitable.. Like all BNPL's its an arms race to acquire as many users as possible and then push for profitability somehow. So what is the end game?
The sector will consolidate, there are too many players, fighting for small movements in the slices of the total pie. The small players like Openpay, splitit, hum will collapse and APT and Z1p should control the market. That's why (in my opinion), the share declined 2% on this pretty underwhelming report
