Can't remember where did I read an article analyzing about when can SPT be profitable? It said roughly be around 2023, but I doubt that.
We all know for the new listed companies, most of them are probably more focused on revenue and revenue growth, profitability is not their first priority like A2m.
IMO, if SPT can bring 10-20 big merchants on board like the QFE model, we definitely be profitable in 2021, haven't counted the integration with MC and VC.

FYI.

Should Splitit Payments (ASX:SPT) Be Disappointed With Their 90% Profit?

By

Simply Wall St

Published

December 29, 2020

https://**.st/stocks/au/software/asx-spt/splitit-payments-shares/news/should-splitit-payments-asxspt-be-disappointed-with-their-90

For me, holding SPT is for long term.