It's not a weird narrative, it's an old joke from the dotcom days (and maybe earlier). How can you possibly make profit 'on volume' if the unit sale is a loss?
The example you gave has profit per unit sale (5% - 4%). The company is in loss because of other expenses which, one hopes, will go down over time.
I think BNPL does have a future, it's just a matter of figuring out who will survive. Some of the smaller players may be a bigger prize as a buyout target. Right now the field is wide open and it all looks like a gamble. I am tempted to take a punt on LBY because they are the APT of NZ and are a good target for a buyout (if they don't run out of cash meanwhile).
Chart - Z1P, page-5863
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Open | High | Low | Value | Volume |
$2.87 | $2.93 | $2.86 | $29.30M | 10.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 84461 | $2.89 |
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Price($) | Vol. | No. |
---|---|---|
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11 | 270913 | 2.880 |
8 | 163061 | 2.870 |
11 | 172145 | 2.860 |
32 | 241368 | 2.850 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 19999 | 1 |
2.910 | 50569 | 3 |
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