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 »

Global tech

Nearly 20 years on, Atlassian’s revenue is continuing to skyrocket – and the losses too

- October 29, 2021 2 MIN READ

Atlassian continues to grow rapidly, with quarterly revenue up 34% on 12 months ago. Releasing its first quarter FY22 results today, Nasdaq-listed Australian tech company posted revenue of US$614 million, with quarterly subscription revenue up 57% year-on-year to US$435 million. But the company’s losses remain equally impressive, with a net loss of US$400.1 million for… Read more »

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Zip shares crash on results announcement as bad debts jump

- July 22, 2021 2 MIN READ

Shares in BNPL Zip crashed nearly 8% today after the company released its Q4 trading update. The fintech (ASX: Z1P) painted a rosy growth picture, but analyst nemesis UBS said the 4Q volumes “were below expectations” resulting in a  “significant volume miss” compared to forecasts, with US momentum starting to slow. Zip closed at $6.99,… Read more »

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Afterpay ponders US listing after sales soar

- April 20, 2021 < 1 MIN READ

ASX-listed Afterpay is contemplating a US listing as global sales for the third quarter of FY21 continue to boom. The buy-now-pay-later (BNPL) fintech (ASX:APT) beat market expectations, with underlying sales overall up 104% on 12 months ago, while underlying sales in the US and UK were up 167% and 246% respectively for Q3 FY21. Quarterly… Read more »