Pushpay annual loss widens as it invests to drive US growth

Wed, 17 May 2017

By Tina Morrison May 18 (BusinessDesk) - Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, posted a wider annual loss as it invests for future growth. It reiterated its financial targets for this year. The loss widened to US$25.3 million in the year ended March 31, from a loss of US$13.1 million a year earlier, the Auckland-domiciled, US-headquartered company said in a statement. Operating revenue jumped to US$34 million from US$9.9 million a year earlier, while operating expenses increased to US...

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