Has anyone else concluded that clients numbers are nearer to +350K than +300K?
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Has anyone else concluded that clients numbers are nearer to +350K than +300K?
They better be! But I think you are right. Australia went from 109k to 120k in less than two months. They must be gaining 15-20k new customers per month at the moment. June is a critical month for Australia. If they do well then it's not due to lack of competition and I would take it as a good sign for the future.
I was going off the 8.6 million figure and using last quarters cash flow result combined with the annual report client figure to get average client spend of $24 per month.
To get $8,600,000/$24=358K Clients
So an increase of 74000 clients since march 31st????
I am not sure if you did it right/this is a good way of looking at it. Perhaps this is easier:
Annualised revenue was 93m at the end of March with 284k customers.
At some stage in May annualised revenue hit 100m, a 7.5% increase compared to March. If we apply the same increase to customer numbers, we end up with 305k - most certainly on the conservative side. My estimate would be ~330k by the end of June.
Good peacemaking speech there.
"Winner for president of Sharetrader"
He would have my vote. I must admit I had forgotten that this thread is particularly sensitive. I think using the terms 'net income' and 'gross revenue' going forwards is one way to be sure of avoiding any confusion.
The reason that I made my comment was Harvey's post 5669 talking about 'revenue' and 'Rgr367' turning that into 'income' in post 5671. A trivial matter to some who are used to thinking of those two words as synonymous. But having a gross revenue and transferring that to a net income is a far from trivial exercise. Indeed you could easily lose your entire investment nest egg by confusing the two concepts. So I saw the 'revenue' to 'income' word morph as a serious matter to highlight.
This is an investment forum and I would hate to think of some naieve investor coming on here, reading the word 'income' and thinking that Xero were making heaps of dosh. A comment for Dellow (post 5676). Yes I do understand the idea of building the revenue base rapidly at the expense of early profitability. What I think some Xero investors take on trust is that they believe Rod's growth line and assurances that Xero has enough resources to transition to profitability in partiucular in the USA. Rod doesn't know what all the competitors responses will be. He can't know that. I am not sure that Intuit will just sit there like a big punching bag and let Xero roll over them. To me at anywhere near $30, Xero still looks priced to perfection. I see the company continuing to execute well, but can't help thinking it will be at best be a very average investment going forwards from here.
Sigh, ah well back to doing my IR3 "Income Tax Return". I will be thinking of that vocal group on this thread who are concomitantly doing their own 'Net Income Tax Returns'. Sorry I can't offer the Inland Revenue code for the form to do that!
SNOOPY
Lest we forget what its all about
The Xero Model looks like below ..... heaps more losses to come