PaySauce hits positive earnings milestone, eyes further growth

PaySauce hits positive earnings milestone, eyes further growth
CEO Asantha Wijeyeratne said he wants PaySauce to be a global contender. (Image: Paysauce)
Ben Moore
PaySauce has posted positive earnings for the first time for the six-month period to Sept 30.The payroll software company announced earnings before taxes, depreciation, and amortisation (Ebtda) of $255,000 for the period, up from a loss of $200,000 in the same period in the prior year.This was on revenue of $3.6 million, up from $2.6m, and resulted in a net loss of $267,000, down from a loss of $425,000.Executive director and chief executive Asantha Wijeyeratne said reaching a positive Ebtda was partly attributable to rising interest...

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