Openpay Reports its Half Yearly Results; Revenue Up 58%

  • Feb 11, 2020 AEDT
  • Team Kalkine

Openpay Group Ltd (ASX: OPY), a buy now, pay smarter company, has provided an update on its operational, cash and liquidity performance for 1HFY20. The company witnessed strong growth in January 2020 numbers, with Total Transaction Value (TTV) for the month ended 31 January 2020 at $15.7 million, and revenue of $1.9 million which also indicates pcp growth rates of 86% and 58% respectively.

  • The company has total available cash of $46.3 million as at 31 January;
  • It is expecting full year Earnings Before Tax (EBT) in the range of $35 million to $45 million.

At AEST 12:51PM, the stock was trading at $1.275 per share, up 3.659% from its previous close.


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