does personal track stock portfolios as well as bank accounts?
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does personal track stock portfolios as well as bank accounts?
Xero triples revenue
https://www.i-search.nzx.com/blobs/N...XRO-116974.pdf
Over $3m revenue for Last year,
With 17,000 Business customers @ ARPU of $33 thats a committed revenue of $6.7m for this year, so revenues will be doubled again this year, even if they add no more customers.
Will be interesting to hear the update in May, especially as people tend to wait until April to change accounting systems.
Growth Chart Attached, Illustrates the seasonal signups in April
I'm clearly a luddite but, as a general rule, are you guys into buying shares on a P/S of 46, or is Xero an exception?
My estimate was based on the "over 3 million" sales figure that was announced today, not sure what "growth announced since" refers to as todays announcement is the most up to date data we have. My estimated P/S is on estimated figures for a year that ended only yesterday.
Don't get me wrong, Xero are doing lots of good things. I just have a suspicion that when/if these things come to fruition, the valuation will be less than today. I like the product and the company. The stock at this valudation? Not so much.
They are not close to profitability but lets say they shock the market and announce a net profit of 1 million tomorrow.
Is that good news?
All it would do is clarify the situation, ie, a P/E of 140 or so.
Stranger:
The $3m Revenue is equal to a weighted average of 9000 customers throughout the year. This year they are starting with 17,000 customers, which is what I believe winner is talking about.
Sure looking at P/S or P/E short term, this looks like an absolute lemon... Xero is all about growth, if they can manage to maintain their hockey stick growth, the revenue numbers get pretty big pretty quick.