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!
The old comparison but go look at Afterpay, they haven't been...
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |