The Zip Co Ltd (ASX: ZIP) share price lifted 6.75% in early trading on Tuesday to 79 cents.
This follows the release of the company's cash flow report for the December quarter.
Zip shares have retreated slightly to 78 cents at the time of writing.
Let's check out the details.
Zip share price lifts again on more positive quarterly news
Today's quarterly cash flow report follows the release of Zip's 2Q FY24 results and interim 1H FY24 update on 22 January, which resulted in a 17% increase in the Zip share price.
As covered by my colleague James, the buy now, pay later provider reported an 8.5% lift in transaction value over the prior corresponding period (pcp) to $2.8 billion in December.
Revenue rose by 26.1% to $225.6 million for the quarter, which equated to an improved margin of 8.2%.
Management said first-half group cash EBTDA was expected to be between $29 million and $33 million.
Today's cash flow report reveals an increase in cash and cash equivalents from $260.7 million at the beginning of the quarter to $303.8 million as of 31 December.
Total funding available via cash and debt financing at the end of the quarter was $533.4 million.
BNPL stock price snapshot
The Zip share price has risen by 25% over the past month and by 72% over the past six months.
The BNPL share hit a new 52-week high of 80 cents on 24 January.
