It has raised 108.0M in 1 round.
Find the investing style that's right for you. At the end of March 2020, Afterpay had 8.4 million active customers – up 122% on the same period last year of 3.8 million. Afterpay Cybersecurity Score. Your personal objectives, financial situation or needs have not been taken into consideration. Afterpay added an average of 20,500 new customers to its platform per day in Q4 FY20, up from 15.1k daily in Q3. In June 2019, Afterpay announced that it had launched in the UK under the Clearpay brand. Four shares that have failed to follow the market higher today are listed below. Sydney-based Afterpay, the biggest of these firms, saw revenue more than double to $3.8 billion in the quarter ending June 30, compared with a year earlier. Download. Afterpay will also roll out in-store in the US this quarter, having already amassed 5 million customers in that market via online.Afterpay growth FY19-FY20. Why Afterpay, Challenger, IVE Group, & Mesoblast shares are dropping lower – August 11, 2020 11:19am Sydney Airport to raise $2 billion after COVID-19 profit collapse – August 11, 2020 … Our ongoing investment in growing our retailer and customer bases, and global expansion objectives, will ensure we continue to deliver long term benefits to our shareholders.”Eisen and Molnar will sell 2.05 million shares each – 1.5% of total shares outstanding in Afterpay – having cashed in around $100 million worth of shares 12 months ago. Source: Afterpay investor presentationCEO Anthony Eisen said the business had continued to focus on preserving capital and maintaining a strong balance sheet amid uncertain global economic conditions.“Our ability to achieve such positive operating metrics in the current environment, is a product of our purposefully differentiated business model and our loyal customer and retailer base,” he said.“The flexibility in our business model allowed us to manage risk when we needed to, but also take advantage of positive customer sentiment and behaviours. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Copyright 2020 Small Caps. This was the start of a love affair with Australian equities and he hasn’t looked back since. Afterpay Revenue. Year-to-date underlying sales of $7.3 billion are up 105% compared to the previous corresponding period.Sales for the three months ending March 2020 reached $2.6 billion and were 97% higher than those achieved in the March quarter of 2019.Shoring up this growth were US sales increasing 263% in Q3 2020 compared to Q3 2019, and the Australia and New Zealand market expanding 40% over the same period.At the end of March 2020, Afterpay had 8.4 million active customers – up 122% on the same period last year of 3.8 million.Active merchants rose 78% from 27,300 in 2019 to 48,400 by the end of March 2020.Additionally, preliminary figures reveal income margins for March and FY 2020 to-date are already higher than 1H 2020 (July to December 2020).Boosting the continued March growth was online sales which accounted for 88% of total global underlying sales.Sales in the second half of March were softer – with global overall sales decreasing 4% in the second part of the month compared to the first half.However, figures for April to-date already show a 10% increase on the second half of March – possibly a result of Afterpay’s partnership with eBay which was formally launched in Australia at the start of the month.At the end of March 2020, Afterpay’s balance sheet was $541.1 million – up on $425.6 million at the end of December 2019.For the same period, debt was lower at $355.7 million compared to $416.9 million.Meanwhile, net cash had risen to $185.4 million by the end of March from $8.7 million at the end of December.While Afterpay noted it was too early to anticipate the full broader impact of COVID-19, it pointed out it had implemented the first phase of a response plan to navigate the company through this cycle.The response plan aims to limit losses, while preserving margins and protecting the company’s balance sheet.Risk setting modifications were introduced in March such as tighter transaction approval parameters and implementing spending limits – focusing on restricting high risk purchases from high risk customers.Afterpay noted it also had contingency plans to introduce further restrictions should its payment recovery situation deteriorate.As part of the company’s strategy to protect its workforce, all employees have been working from home since mid-March.“Our dynamic business model and strong balance sheet means we are well positioned to respond and adapt through this period,” Afterpay chief executive officer Anthony Eisen said.“We are confident that our customer-centric model, which encourages budgeting and responsible spending will be even more relevant in a post COVID-19 environment,” he addedLorna has more than 10 years' experience as a finance journalist and editor.
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