Pushpay annual loss widens as it invests to grow in US faith sector

Wed, 27 May 2015

By Tina Morrison May 28 (BusinessDesk) - Pushpay Holdings, whose mobile payment app is helping churches raise money from parishioners, widened its annual loss even as sales surged and it invested in future growth. The Auckland-based company's loss widened to $7.5 million, or 16.2 cents per share, in the year ended March 31, from a loss of $1.6 million, or 6.10 cents, a year earlier, it said in a statement. Sales revenue soared to $4.8 million from $316,000 a year earlier, while expenses jumped to $12.7 million from $2 million. Pushpay,...

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