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VamosMikel

1,296 Posts.

307

08/03/22

22:02

Post #: 60070279
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Originally posted by bene449: ↑

AH64

It is true Z1p have problems that spt do not have.

Z1p have revenue (approx 300m last 6 months) but they are struggling to find a path to profitability with this revenue.

SPT do not have that problem as they have no revenue (approx 6m last 6 months.)

In Q3 2021 spt had 3300 merchants, in Q4 they did not report total merchants only active merchants which was a paltry 1250. IMO they where covering up that they have more merchants that they no longer do business with (at least 2000) than active merchants.

I would not buy either

Q3

Q4

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More revenue with less merchants looks like a win to me….

Imagine the costs involved with managing merchants, tech support, onboarding, account management etc

What it says to me is that there are more big merchants signed up to Splitit.

SPT Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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