![]() As part of the Q2, management noted that QuadPay notched up transaction volumes of $673.1 million, revenues of $47.6 million, while adding 915 thousand fresh customers.Ĭommenting on these developments at the time, Zip’s CEO, Larry Diamond said: As part of the company’s Q2, Zip reported quarterly revenue of $102.0 million, annualised revenues of ~$480 million, quarterly transaction volumes of $1.6 billion, and customers of 5.7 million.Įlsewhere, Zip’s recent QuadPay (Zip US) acquisition has already shown strong results. Whether that valuation gap will widen or close though, remains impossible to say.ĭespite that valuation gap, Zip has delivered strong growth in recent times. ‘Even if you looked at us as a direct comparison to Sezzle, we would appear undervalued, and I think that one of the opportunities for us as we go to market this year is to bridge that valuation gap.’Īs we wrote last week, in an article covering Bell Potter’s $168 price target on Afterpay – there is indeed a significant valuation gap between the market leader (Afterpay) and the likes of Zip and Sezzle. ‘Our view would be on the revenue multiples we're significantly undervalued when directly compared to Afterpay and obviously Affirm.’ Those results have led to an increased focus on valuations, with Zip’s Co-founder – Peter Gray – recently telling the Australian Financial Review (AFR), that: The payments company has indeed been gaining more media attention of late, with the company reporting a stellar set of quarterly results in late January. Speculation that Zip is considering a dual listing in the US also emerged. The Zip (Z1P) share price was up 7.03% to $9.29 per share by 11:07AM on Monday, as news begun to circulate that the company’s management was on a US investor roadshow.
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