The old comparison but go look at Afterpay, they haven't been profitable for years but it's over $20 A positive NPAT in this sector is important but people look at future revenues, user base, transactions, merchants etc. This is APT Jan 2019 report -
● Gross losses (pro forma) of 1.1% of Afterpay underlying sales ($25.6m), down from 1.6% in pcp($15.1m) ● Late fee income as a percentage of total Afterpay statutory income of 17.6%, declining materiallyfrom 22.5% in the pcp● Net Transaction Loss (pro forma) of 0.5% (statutory result of 0.6%, at bottom of target range of0.6%-1.0%)
None of that particularly sounds great but my god it's a 6bil market cap and i think Zip in 2021 is expected to have a positive NPAT so it has so much future potential!
Z1P Price at posting:
$2.95 Sentiment: Hold Disclosure: Held
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