It’s quarterlies season again as the ASX market announcements page becomes increasingly flooded with earnings lodgements. 

The highlight today came from BNPL stock Zip, which reported strong growth.

Is this the start of the BNPL turnaround we’ve all been waiting for?

 

Zip (ASX:ZIP)

BNPL stock Zip jumped by as much as 13% but settled back to 5% after reporting some healthy numbers for Q1.

The company reported a 19% increase in group quarterly revenue to $163.2m, compared to pcp.

Transaction volume for the quarter was $2.2b, up 15% YoY.

Transaction numbers for the quarter were also up by 33%, while customer numbers were up 50%.

Merchants on the platform meanwhile increased to 94.1k, up 70%.

During the quarter, key merchants signed to the platform include Hoyts in Australia and Barnes & Noble College in the US.

eBay Australia also went live with Zip during October, with Jetstar to launch in Q2 in time for the holiday travel season.

As at 30 September, Zip had available cash and liquidity of $140.7m, which is expected to be sufficient to support the company through to cash EBTDA profitability.

Zip founder and CEO Larry Diamond said:

“We are pleased to deliver another solid set of numbers as Zip resets and moves toward positive cash flow, taking control of our future.

“During the quarter we made great progress on our refreshed strategy to deliver sustainable growth, right-size our global cost base and accelerate our path to profitability.”

 

Telix Pharma (ASX:TLX)

Telix reported strong momentum in Q3 for its Illucix sales in the US.

Sales for the quarter were US$36.4m, up 178% since launch.

Overall, total revenue for the quarter was $55.3m, up 168% from Q2 2022.

Telix says 179 pharmacies are routinely dispensing Illuccix across the US and Puerto Rico, and the riembursement program is beginning to impact sales positively.

The company has a cash balance of $117.1m as of 30 September.

Redbubble (ASX:RBL)

The marketplace had a disappointing quarter once again, and its share price plunged 24% today after its Q1 update.

RBL’s underlying marketplace revenue (MPR) for Q1 was down 5% on pcp to $100.8 million.

Bottom line EBIT was a loss of $17m, compared to $0.9m profit in the pcp.

The company said the decline was mainly due to fall in sales of masks and its Artwork and Homeware categories.

Geographically, the MPR result was also impacted by lower sales in Australia, Europe and the UK than expected, particularly in September.

Pureprofile (ASX:PPL)

The data and insights company rose 11% this morning after an upbeat quarterly update.

Pureprofile delivered $12m in record quarterly revenue for investors, representing 17% growth on pcp.

EBITDA was $1m for the quarter, which was ahead of the company’s expectations and represented an 8% EBITDA margin.

Pureprofile has reiterated its guidance for EBITDA margin to be 9-10% for the full year.

icetana (ASX:ICE)

The global software company reported Annualised recurring revenue (ARR) of $1.6m as at September, up 20% year on year and 5% quarter on quarter.

Net customer retention increased 101% over the quarter, demonstrating the company’s ability to grow through expansion orders.

At quarter end the company’s cash stood at $1.9m.

 

Share prices today:

 

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