Splitit Payments Ltd (ASX:SPT)
A$ 0.075 0 (0%) Market Cap: 41.50 Mil Enterprise Value: 107.82 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100
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Q1 2023 Splitit Ltd Earnings Call Transcript

Apr 27, 2023 / 11:30PM GMT
Release Date Price: A$0.145 (+3.57%)
Catherine Strong
Citadel-MAGNUS - IR

Hello, everyone, and welcome to Splitit's investor webinar for its first-quarter results for the 2023 financial year. My name is Catherine Strong, and I'm joined on the webinar by Splitit's CEO, Nandan Sheth; and CFO, Ben Malone. (Operator Instructions) This call is being recorded.

I will now turn the conference over to Nandan Sheth.

Nandan Sheth
Splitit Payments Limited - CEO

Thank you. Good morning and thank you for joining the Splitit Q1 2023 investor update. Our pivot towards becoming the industry's first embedded card-attached installment service is starting to pay off. Q1 results show that we're on track to meet our target run rate of $700 million to $800 million in MSV by the end of 2023. Our progress with large partners, large merchants, and our ability to deliver on innovation validates that we're breaking away from the legacy BNPL providers.

I will start by providing a few financial highlights for Q1 2023. Number one, we achieved $136 million in MSV, which is 34% growth year over year. Number

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