MENU

Pushpay Holdings Ltd shares plummet on net loss announcement

Shares in mobile commerce tools provider Pushpay Holdings Ltd (ASX: PPH) have dropped 5.2% to $3.60 at the time of writing off the back of its annual results presentation today.

The Auckland-based software company reported a net loss before tax of 9% to $22.6 million – an improvement on their net loss of US$25 million in the previous corresponding period.

Total revenue increased by 105% over the same period, with an increase in costs eating up earnings as the company cited a “future-proofing” focus would allow Pushpay to unlock its potential in the long-term, despite disappointing results.

Pushpay services three main markets; the faith sector, non-profit organisations and small to medium enterprises.

Similar companies include Afterpay Touch Group Ltd (ASX: APT) whose shares are up 1.9% to $7.39 at the time of writing after a share price slump in April most likely related to broker concerns the business was suffering sales declines.

Several S&P/ASX 200 stocks booked sizable declines today, with Treasury Wine Estates Ltd (ASX: TWE) shares dropping back 11% at the time of writing to $15.91 after the company made an announcement in relation to its Chinese operations.

Laboratory services company ALS Ltd (ASX: ALQ) was also at the top of the declines list at the time of writing, with share prices falling 4.4% to $7.65.

Pushpay is, without a doubt, a technological revolution - but check out the Rocket Fuel of the AI Boom

One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.

Everyone is talking about the artificial intelligence revolution.

Harvard Business Review calls it, “the most important general-purpose technology of our era.”

One Google Insider predicts AI, “will be as transformative as the discovery of electricity.” And it already is transforming industry after industry.

After all we have been hearing about AI for years…but it never really lived up to the hype…so what’s finally unlocked this huge tidal wave of innovation?

Click here to learn more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO and PUSHPAY FPO NZX. The Motley Fool Australia has recommended Treasury Wine Estates Limited. 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!