Quote Originally Posted by etrader View Post
Rawz from the stats I’m reading it looks like customers grew 38% exc smoothpay or 79% when you take that company into account.

One of the upsides is they paid a super low PE multiple but they’ve tapped that large client base and shifted into a different tiered price structure which has accelerated revenue.

Looks the volume and SP has found its limit short term as investors digest the growth.

I’ve enquired to hear the presentation post results and will be interested to hear their growth plan as this stock needs to make a few more takeovers as a low price and fold this client base in.
Yes thats right- 79% yoy customer growth.

This is how the customer growth went qrt on qrt

Q1 15%
Q2 42%
Q3 6%
Q4 3%

PYS have a good track record of upselling to existing customers as they roll out new products. This is evident as revenue per customer went from about $555 Q1 FY19 to $700 Q4 FY20.

After the smoothpay acquisition it dropped back down to $550 as those customer were generating less revenue. It's now back up to $700 per customer so well done PYS for up-selling to them.

Maybe not as much growth to come from up-selling (unless they can find another bunch of smoothpay type customers) so keen to see customer growth..... and 3% qrt on qrt growth is too slow for how its priced. Hope Q1 FY23 is back into double digits.