Zip Co Reports Revenue Surge and Net Loss

Zip Co Ltd. (AU:ZIP) has released an update.

Zip Co Limited reported an impressive 28% increase in revenue for the fiscal year ended June 30, 2024, reaching $867.9 million, up from $677.2 million in the previous year. Despite the revenue jump, the company experienced a considerable net loss, although the net tangible asset backing per share improved from a negative to a positive 8.25 cents. No dividends were declared for the year, and the financial statements received an unmodified audit opinion.

For further insights into AU:ZIP stock, check out TipRanks’ Stock Analysis page.