Pushpay first-half loss widens as revenue more than triples

Mon, 16 Nov 2015

By Sophie Boot Nov. 17 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, widened its first-half loss while revenue more than tripled, as the company ramped up spending on product development and sales in a bid to attract US churches to its system. The Auckland-domiciled, Redmond, US-headquartered company posted a net loss of $6.1 million, or 12 cents per share, in the 6 months ended Sept. 30, from $2.6 million, or 7cps, a year earlier, it said in a statement. Revenue jumped 290 percent to $6.3 million, while expenses r...

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