The last official day of reporting season on the ASX was again dominated with small and medium cap companies.

 

Splitit (ASX:SPT)

It’s easy to forget that this company was one of the first BNPL IPOs following Afterpay and Zip and it grew 10 times in just a  matter of weeks.

While the company is well off its all time highs from a share price perspective, its merchant sales volume grew 94% to US$172.5 million and its Gross Revenue rose by 79.7% to US$5.5 million.

Splitit chair Dawn Robertson noted “recent BNPL M&A activity” would accelerate commercial integrations, and Splitit was uniquely placed with its commercial relationships and its point of sale solution that could leverage existing credit.

Notwithstanding this hope it sold investors, the company replaced its CEO noting,” To maintain momentum, the Splitit board has determined that a proactive change of leadership is necessary for the company to continue to build on its achievements and prioritise its ambitions to significantly expand its merchant footprint across all geographies.”

Splitit (ASX:SPT) share price chart

 

Bubs Australia (ASX:BUB)

It’s been a tough 12 months to be in the infant formula game, especially as an exporter and it showed in Bubs’ results. It’s revenue fell 24% to $46.8 million and its earnings loss was $28.5 million.

However it was a more positive story in locally, with its sales in Woolworths, Coles and Chemist Warehouse and the company said it was well placed for the year ahead.

“We now have clear visibility on the kinds of products that will be relevant for the future independent of any macro relief,” said chairman Dennis Lin.

“A focus on our core business and product portfolio and the changes we have made to ensure our supply chain is fit for purpose will stand us in food stead in a world defined by the response to COVID-19.”

Bubs Australia (ASX:BUB) share price chart

 

Zebit (ASX:ZBT)

This company, headquartered in San Diego, is an ecommerce retailer with its own in house BNPL product.

It has been listed less than 12 months but managed to beat its prospectus forecasts with first half revenue of US$56.1 million.

Although the company made a higher net loss after tax of US$7.27 million, this was a smaller percentage of its revenue than the prior corresponding period.

The company said it benefited from the post-pandemic rebound in consumer spending in the second quarter noting that travel, home improvement and daily consumables were categories which performed well.

Zebit (ASX:ZBT) share price chart

 

PointsBet (ASX:PBH) and BlueBet (ASX:BBT)

Still on the USA and both of these companies are targeting the sports betting market which is gradually being legalised in America on a state by state basis.

PointsBet is currently only live in seven US states but grew its group turnover by 228% to $3.78 billion and its revenue by 159% to $194.66 million.

BlueBet’s numbers this morning showed its Australian business had a solid year with turnover growing 83% to $344.7 million and underlying earnings by 48.4% to $7.5 million.

However, in a sign of the competitiveness of the US state licensing market, BlueBet advised yesterday that its application for an online sports-book licence in Arizona had been unsuccessful.

PointsBet (ASX:PBH) and Bluebet (ASX:BBT) share price chart

 

Shaver Shop (ASX:SSG)

Shaver Shop, which sells personal grooming and beauty products, was one of the few niche retailers to gain throughout COVID-19 with the closure of hairdressers making up for the closure of its own stores.

The company’s revenue grew 9.6% to $213.7 million and its profit grew $68.3 million to $17.5 million.

In addition to DIY personal care, the company also noted increasing use of social media enhancing people’s desires to look and feel good as well as online shopping.

So far in FY22, the company’s sales have declined compared to FY21 but have grown 15.8% compared to FY20.

Shaver Shop (ASX:SSG) share price chart

 

Cettire (ASX:CTT)

The luxury goods ecommerce outlet listed last December at 50 cents a share and has traded up to $2.80 – 460% higher.

Many of its key metrics followed suit including its sales revenue, jumping 304% to $92.4 million, and its active customers which grew 285% to 114,830.

It made adjusted earnings of $2.1 million, although it posted a statutory loss after tax of $300,000.

Cettire (ASX:CTT) share price chart

 

Resimac (ASX:RMC)

There’s no shortage of non-bank lenders on the ASX but not many of them specialise in home loans as Resimac does.

Resimac made $4.8 billion in home loan settlements taking its total book to $13. million.

The company’s net interest income grew 29% to $242.7 million and profit grew 87% to $104 million allowing it to more than double its full year dividend per share.

Resimac (ASX:RMC) share price chart

 

Harmoney (ASX:HMY)

Harmoney, meanwhile is a lender focused on personal loans and it had a successful year.

It’s new customer originations in Australia grew 260% and its loan book reached NZ$501 million.

Harmoney (ASX:HMY) share price chart

 

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