Earthport’s H1’17 trading update showed continued strong growth in all metrics. Payment volumes during the period grew 96% y-o-y to $7.8bn, while the number of transactions on the platform rose 80% to five million. Group revenue for H1 is expected to be c.£14.3m with gross margins stable at c.70%, both in-line with our full year expectations. The balance sheet continues to be strong, with cash at the end of December of £11.4m. With recent positive developments yet to impact the numbers (BofAML a ....
31 Jan 2017
N+1 Singer - Earthport - Strong momentum continues
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N+1 Singer - Earthport - Strong momentum continues
Earthport (EPO:LON) | 0 0 0.4% | Mkt Cap: 72.6m
- Published:
31 Jan 2017 -
Author:
Oliver Knott -
Pages:
4
Earthport’s H1’17 trading update showed continued strong growth in all metrics. Payment volumes during the period grew 96% y-o-y to $7.8bn, while the number of transactions on the platform rose 80% to five million. Group revenue for H1 is expected to be c.£14.3m with gross margins stable at c.70%, both in-line with our full year expectations. The balance sheet continues to be strong, with cash at the end of December of £11.4m. With recent positive developments yet to impact the numbers (BofAML a ....