Its getting a wee nudge up on ASX. Wil be telling. If promises are delivered on should be fine. If not, expect another hammering.
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I'm psyching myself up for a rough day. Seems market is pricing future value into current price and hammering average results while smashing slightly negative announcements.
No need to worry about today mini
All we are going to get is how much they lost and what the cash burn was ......those things don’t matter anyway
As long as they say revenues and that crap thing called ACMR are tracking OK and we’ll be cash flow positive sometime we’ll be right
If they do make any outrageous forecast as long as it F19 revenues will $105m or more the market will not be disappointed
Trying to digest it;
Pushpay delivered on its FY18 revenue guidance of US$70.0 million, doubling total revenue to US$70.2 million in that period. These results were attained through the targeted implementation of our strategy, growing team capabilities and expertise, and responsible investment into product design and development. Operating leverage While Pushpay increased operating revenue by 99.4% over the financial year, other operating expense growth slowed considerably to 41.2%. As a percentage of operating revenue, other operating expenses improved by 38 percentage points, from 130.6% to 92.5%. Pushpay expects significant operating leverage to accrue as operating revenue continues to increase, while growth in other operating expenses decreases considerably. Margin improvements Pushpay's diligent approach to optimising gross margin has driven pleasing results. We announced in April 2018 that the margin improvement program is progressing better than expected. We now expect gross margin to grow from 55% over the year to 31 March 2018 to over 60% from October 2018 onwards. Our discipline around margin expansion has enabled us to better position the Company for future efficiency.
Not much new in the full year announcement (on first skim through)
Boring stuff that doesn’t matter was the $23m loss and cash burn of $20m
Looks like we need to wait to early July for any excitement
"On 10 January 2018, Pushpay announced its intention to complete a US market listing this calendar year.
The Board believes that a market listing in the US will expand Pushpay’s shareholder base, increase liquidity and enable the Company better access to capital, thereby increasing funding alternatives to support the Company’s growth strategy. With 97% of Pushpay’s Customers based in North America along with 258 staff, Pushpay considers a market listing in the US to be a logical and important step in order to take advantage of growth opportunities, further strengthen the Company’s market position and increase awareness of the Company and its products globally. Any market listing would be subject to satisfactory market timing, approval by a US exchange and satisfying a number of other customary listing prerequisites."
Other than that, or anything they may say in the investor briefing, they are silent on the US listing. Hmm......
Playing with us
Keeping the dream alive is the intent
Hers the investor presentation
https://irssl.euroinvestor.com/IR/Fi...esentation.pdf