Ruslan Kogan and David Shafer.

She’s Apples: Ruslan Kogan wants his ASX-listed retail business valued like a software company after $25 million loss

- August 22, 2023 4 MIN READ

Shares in online retailer fell nearly 14% in early trade on Tuesday after the company revealed sales had fallen 28%, revenue dropped 32% and the business posted a 26% fall in gross profit for the 2023 financial year. The statutory net profit after tax (NPAT) loss was $25.9 million an improvement on FY22’s $36.2… Read more »

Atlassian, Mike Cannon-Brookes, Scott Farquhar.

20 years on, Atlassian continues to be unprofitable

- August 5, 2022 3 MIN READ

Australian tech company Atlassian was famously started by Mike Cannon-Brookes and Scott Farquhar using $10,000 in credit card debt. The idea has since turned them into multi-billionaires. The NASDAQ-listed venture recently celebrated its 20th anniversary and this week celebrates posting another annual net loss of more than US$600 million (A860m). Atlassian (NASDAQ: TEAM) posted its… Read more »


Afterpay sales doubled to $21 billion in FY21

- August 2, 2021 2 MIN READ

Sales at ASX-listed buy now pay later (BNPL) fintech Afterpay passed $20 billion a year ahead of schedule. The company’s (ASX: APT) continued astonishing growth, revealed in the 2021 financial year figures today, comes as the fintech announced a proposed sale and merger with US-listed payments company Square for A$39 billion. Afterpay posted FY21 underlying… Read more »