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

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Pushpay Holdings Ltd (PPH) Just Reported

New Zealand's church donation software company Pushpay Holdings Ltd (ASX: PPH) released its 2018 financial results this morning showing a 105% increase in revenue and a net loss of $US23.2 million.

New Zealand’s church donation software company Pushpay Holdings Ltd (ASX: PPH) released its 2018 financial results this morning showing a 105% increase in revenue and a net loss of $US23.2 million.

Pushpay is an Auckland-based software company which helps churches, charities and faith groups receive donations digitally. For example, church-goers can use their smartphone to donate.

“Pushpay is uniquely positioned to continue to drive social good and succeed in the next chapter of our growth journey,” CEO and co-founder Chris Heaslip said. “We have experienced another year of leading growth, with total revenue more than doubling over the year to 31 March 2018.”

Pushpay reported a doubling of revenue but costs also increased, resulting in an accounting loss similar to the result achieved in 2017.

However, Pushpay noted that its gross profit, which is equal to operating revenue minus third-party direct costs, rose from $US19 million to $US37.5 million.

“The focus over the last year has been on future-proofing the business, by refining the strategies that will allow Pushpay to realise its considerable potential over the long-term,” Heaslip added.

Looking ahead, Pushpay said it will be targeting more medium and large customers in the USA. To do so it will increase its use of account-based sales teams and subscription fees, opposed to focusing primarily on internal sales efforts.

Pushpay said it: “expects to see a continued increase over the current year in Subscription Fees added from new Customers, with a lower average sales headcount than last year.”

The company expects to break-even on a monthly cash flow basis by the end of the calendar year 2018.

Do you like finance and investing? 

Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.

Click here to join The Rask Group’s Investor Club Newsletter Today

$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