On 7 January 2019, Pushpay Holdings Ltd (ASX: PPH) announced that it was successful in achieving the cash inflow breakeven target of US$5 billion by the end of CY2018. The Company’s EBITDAF and cash flows remain positive this quarter which ended on 31 December 2018.
The company reports that its annualized four-week average transaction through its Pushpay payment platform reached US$5 billion by 31 December 2018, which was US$3.2 billion by 30 September 2018.
With the positive cash flows, the company is now confident that it will also be successful in meeting the guidance report by the end of FY2019. The company expects that by the end of six months till 31 March 2018, there will be an increase in the gross profit margin of more than 60% with a positive EBITDAF.
Through this achievement, the CEO and the Co-Founder of Pushpay feel immensely proud and also feels privileged to provide support in the local community. They would also be able to provide a fund to the orphanages, running food drives, providing shelter to the homeless and in the drug rehabilitation.
The official listing date of Pushpay Holdings Limited on ASX is 12 October 2016 where the performance of the company remains 40.98%. However, the last one-year performance of the company is -27.57%.
For the half-yearly period ending 30 September 2018, reports total revenue of US$44.012 million. During this period, the company made a net loss of US$4.4 million. The balance sheet of the company highlights a net asset base of US$16.714 million and a debt to equity ratio of 0.711 which indicates that the company will be able to meet its long-term obligations. However, with increasing debt to equity ratio, there is an indication that the company is funding the financial requirement of the company through external sources. Further, there is an increase in the accumulated losses during the period, which indicates an operating inefficiency of the company. The total shareholder’s equity is worth US$16.714 million. By the end of the period, the net cash available with the company was US$12.533 million
Although the company’s performance was not good as per half-yearly reports, however with the recent updates, there is a hope amongst the investors that the performance of the company will be better by the end of the financial year 2019.
The recent update of the company increased the share price by 5.19%. By the end of the trading on 7 January 2019, the closing price of the share is A$3.04 with the market capitalization of A$795.51 million.