Although I expect there to be articles on NZH and Stuff about Xero extending their loss, even though it's old news.
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Yes and no. While mostly about the year to 31 March, last year they released a little commentary with the report, e.g they said "Xero recently passed 300,000 paying customers and was this week ranked number one by Forbes in its list of the World's 100 Most Innovative Growth Companies 2014." At 31 March 2014 they had 284,000 customers, so the annual report announcement included some post balance date information. This year I'd expect them to cut and paste the same announcement, but update customer numbers to "recently passesd 500,000", but also note that last year they released an investor presentation the day after the annual report.
Intuit Q3 results are out. QBO subscribers up by 124k to 965k over last three months:
http://investors.intuit.com/files/do...001_m00090.pdf
For those that think they missed out on the big rise at Xero, you could try catching the next bus : https://www.seedrs.com/startups/freeagent
Back by the same VC that has backed Vend.
More competition for XRO? Using the same sort of BS marketing.
X amount of companies in the UK etc.
Sounds familiar.
In the Australian Financial Review written by a Deloitte Private partner
http://www.afr.com/technology/why-pr...ghcrid?stb=twt
Yeah he believes the story alright...
If he only did his research, he would know that Salesforce was making profits at the same stage of its life as Xero is. He would know Facebook was making profits at the same stage of its life as Xero is. Profit doesn't matter? Yep, keep drinking that Kool-ade brother.
Demonstrate you can operate at a profit, then aggressively grow. If you can't demonstrate it, you are investing on hope. Hope has valued Xero (23x) on a higher EV/sales multiple than either salesforce (15x) or Facebook (10x) were on at an equivalent stage of their life. If this doesn't ring alarm bells, what will?
Sorry did you say stop growing and "demonstrate you can operate at a profit" or "slow down and let the others catch up"? to me they are almost the same.