https://hotcopper.com.au/threads/ann-business-operations-update.4...

https://hotcopper.com.au/threads/ann-business-operations-update.4616299

I found a couple of business update and revenue update data for 2018, and in Q4, they earned $423,000 merchant fee (not full merchant fee) out of around $32 mil. transactions.

Also they have new product called 'Get Now Pay Later' which sounds similar to Afterpay, but it's different concept.

Growth rate looks good, and increasing transaction value (+52%) or increasing unique shopper (+44%) being higher than increasing active merchants (+23%) suggests that more shoppers prefer to use Splitit.

That increase happened even before hiring former Paypal MD, so with additional experienced local executives, I think the trend is going to continue.

Am I missing something here? I've seen lots of comments 'no revenue' 'no business' 'no customer', etc...

I can see net loss of $1.2 mil. USD in another report, but it was reduced from 1.9 to 1.2 mil. so in a couple of years (or sooner), SPT could start making net profit.

It's ASX announcement, so I don't think the data would be fake.