Judging figure like non-GAAP (0% increase compared to Q2) is very short sighted. Revenue will follow after more merchants signing up. The work the company achieved in Q3 is nothing short of great:
"Deepening its penetration in key market verticals, Splitit added more merchants in Q3 than ever before as merchant demand continues to grow for Splitit’s unique offering. Leading brands, with over $3BN in addressable online sales volume that joined Splitit during the quarter (live and signed) included Bianchi, Specialized, Bicycle Warehouse, Echelon Fitness, The Hut Group, Fabergé, Frederique Constant, 77 Diamonds, Steven Slate Audio, Waves, Eight Sleep, Silentnight, Puffy, HockeyShot, Snow Joe, Finance 4 Group, Tyresales and CrazySales."
Exciting time ahead.
SPT Price at posting:
$1.57 Sentiment: Buy Disclosure: Held