You're being to kind on them. Quick change of mind my foot. Full of shiz, yes. I have been put off "analysts", all it takes is a look at the weekly stock picking contest to see that. Journalists are not better.
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That's been the pattern Toasty.. "loss widens".. "further losses expected".. as if it's a surprise. Xero announce they are going to make a loss well in advance... the journalists should take some time to review the data and try and pick out the details that matter rather than the ones that appeal to the lowest common denominator.
In the past year XRO revenues up 83%; loss more than double; yet in the past year the SP is more than 3 times what it was a year ago! There seems to be an incredible amount of expectation still built into the SP.
Have been at a funeral all morning so have just read news all good and on track once this global tech stock selldown has run its course watch the price head north significantly again i reckon happy to have hung in there
T i think the global selldown is holding the price down for sure, you only have to check A2 and SLi etc to see this confirned , those buying Xro at current prices will be richly rewarded i believe
I am positively surprised by the update. Revenue came in a bit higher and loss a bit lower than I estimated. It is very nice to see that they reported ROW and North America separately.
Did you notice that customer growth jumped back to around 17k per month from around 13k in Dec? Is this a seasonal effect?
Do they have a timeframe target to hit 1 million customers?