Zip – Earnings Review

Zip Co is under Algo Engine buy conditions.

Revenue was up 150% to $403m and the pre-tax loss -$718m.

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Zip said its cash earnings before tax, depreciation and amortisation loss was $22.9 million, which missed consensus expectations for positive earnings of between $8 million and $9 million.

Its total reported loss of $653 million was just below the total amount of capital that Zip raised over the year to support its global growth.

We’re watching ZIP with a great deal of interest but remain cautious on the sector trends with regards to increasing bad debts.

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