Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

Pushpay Holdings Ltd Surpasses US$100m Revenue Target

Pushpay Holdings Ltd (ASX:PPH) (NZE:PPH) surpassed its target of $US100 million in annualised revenue, reporting $US106.4 million for 2017.

A week after announcing it had achieved its previous target of $US100 million in annualised monthly revenue, Pushpay Holdings Ltd (ASX: PPH) (NZE: PPH) this morning updated investors on its financial performance.

Despite a promising announcement last week the company said it was pleased to report $US106.4 million in revenue from the 2017 calendar year.

Pushpay Share Price

PPH share priceData source: Google Finance

Pushpay is a $1.2 billion New Zealand-based software company which has developed a platform for Church-goers to donate to their religion or charity through technology. It is expanding in the large US market.

This morning Pushpay announced that it had achieved $US106.4 million in annualised monthly revenue, which it calls ACMR. The company set $US 100 million as its target to reach by December 2017.

“Surpassing US$100 million ACMR within 27 months after reaching US$10 million ACMR is a significant milestone for the business,” Chris Heaslip said. “Pushpay continues to build on its market leading position in a growing sector and has seen pleasing results in terms of the proportion of ACMR derived from large Customers.”

As at 30 September 2017, Pushpay generated annualised monthly revenue of $US67.5 million and it took less than 12 months to recover the costs of acquiring a customer.

From this time last year, the average revenue per customer has also jumped, from $US 785 per month to $US 1,233 per month, according to its ASX release. The Pushpay business appears quite scalable because although committed monthly revenue jumped more than 80% the number of staff members rose just 1.2%.

In the short term, Mr Heaslip said breaking even on monthly cash flow, meaning that its incoming cash from sales outweighs the outgoing costs, is a priority. “Pushpay remains in a position to reach its targets of FY18 NZ GAAP revenue guidance of US$70 million and breakeven on a monthly cash flow basis prior to the end of calendar 2018.”

In the longer term, he says the company is committed to capturing as much of the US faith sector as possible. “We continue to focus on scaling the business in the US faith sector in order to maximise shareholder value over the long term.”

In New Zealand, shares of Pushpay were trading 0.4% higher. 

Keep Reading

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content