Splitit Payments Ltd unveiled first half results; revenue up by 193%

1 min read | August 30, 2019 12:10 PM AEST | By Team Kalkine Media

Splitit Payments Ltd (ASX:SPT) has released its half year results ending 30 June 2019 (H1FY19) wherein it posted revenue from continuing operations of US$798,000, grew by 193% y-o-y from US$272,000 in HYFY18. For the half year period, the company reported net loss of US$3.8 million against loss of US$ 1.2 million during H1FY18. SPT has US$23.7 million of cash balance as of 30 June 2019.

On AEST 11.51am 30 August 2019, the stock of SPT is trading at $0.410, up 2.5% from its previous close.


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