https://www.nzx.com/files/attachments/197766.pdf
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That's a pretty miserable report
Receipts from customers at $23.5m is only $3.1m up from the March quarter
Fantastic comparisons to last year - very impressive - but heck a $3.1m increase from last quarter is going to make this a long long journey to any respectable sales figure
Xero needs a rocket under it
I can understand why the shareprice has drifted down if fundamentals / financials are anything to go on. I have a feeling that many think that this is going to be a very long journey.
The cash receipts line is only going up by $2m-$3m a quarter - that makes $500m annual revenues a long way away
The only thing sky rocketing is the wages bill - hope they keeping busy
Just as well there is the carrot of a Nasdaq listing to keep the shareprice up
Anyway if any body interested here are the last 6 quarterly cash flow numbers side by side
If it is considering as a grow stock still then cost of staffing went up may not be a bad thing. While other companies have been trimming staffing Xro still hiring... So fundamentally they would know what they are doing I would think.
Winner69 and his "numbers," geez, you'd think he's running a tarot card reading business or something.
If it ain't hype, I ain't buying it.
Anyone else thinking client numbers are now growing at about fifty thousand a quarter?
Yes!!!! I thought that was just me! Mind you i'm not up to the play with which are the busy quarters, it could be that all accounting software drops off in this quarter and thrives in others. I hope so because I really like this product and want to see it succeed.
Yes - I remember the stupidity of the individual tax year ending a few days into April but assume companies didn't use the same?
Per this, they also use a March Year: http://en.wikipedia.org/wiki/Fiscal_year#United_Kingdom
I worked on one company that used the first Sunday of the calander year - nightmare, especially if you wanted to take a holiday over the christmas break.