PUSHPAY FPO NZX shares are now up 130% in 2017

PUSHPAY FPO NZX (ASX:PPH) plans to list in the US soon.

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This morning NZ tech startup PUSHPAY FPO NZX (ASX: PPH) reported its financial results for the year ending September 30 2017.

Below is a summary of the results for the half year with comparisons to the prior corresponding period. All figures in U.S. dollars.

  • Revenue of $29.7m, up 145%
  • Net loss of $12.5m, up 10.4%
  • Annualised committed monthly revenue of $67.5m, up 97%
  • Total customers 7,121, up 35%
  • Average revenue per customer $790 per month, up 46%
  • Aims to breakeven on a monthly cash flow basis by end of 2018
  • Aims to pursue a US stock exchange listing within the next 15 months

Pushpay sells software and technology platforms that primarily let Christian faith-based churches and not-for-profit organisations tap their followers for regular digital donations. It falls into the hyper-growth category given its top line growth rates, although the growing net loss over the period reflects its heavy investments for growth.

The stock is up 130% over just 2017 and may remain volatile over the 12 months ahead.

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Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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