You need to make a profit before paying a dividend. This company is several years off making a profit. Its focus is to increase sales into existing and new markets. This is expensive. They have a great product which will expand rapidly in NZ & Australia (& possibly UK) in the next few years. The US is a harder nut to crack due to current competition in this space & different reporting, etc. but could still do well there.
Xero on its way to more than a pure accounting play!, page-5
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$141.09 |
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Mkt cap ! $21.54B | |||
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