SHOP Plus MRR Grows 91% YoY…

Beat beat raise as usual

Revenue +62%
Subscription Services +55%
Merchant Solutions +68%
MRR +49%
Gross Merchant Volume +56%
Non-Gaap Profit .02EPS

MRR as of June 30, 2018 was $35.3 million, up 49% compared with $23.7 million as of June 30, 2017. Shopify Plus contributed $8.1 million, or 23%, of MRR compared with 18% of MRR as of June 30, 2017.

This means Shop Plus MRR grew from $4.1M to $8.1M or about 91%.

So impressive how this company just keeps growing so rapidly. They have lots of growth left in them IMO.



Growth looks great I agree.

Sell off seems to be continuing though, down another 7% in pre.

Maybe the 63% rise in total operating expenses and net loss of 24M has something to do with it?