Aspire continues to grow as revenue keeps increasing
Aspire have continued their growth trend with another revenue increase during the second quarter of 2019.
This has meant that the first half of 2019 has seen more than 50% increase in their revenue.
In almost all metrics that have been in place, substantial growth with only the EBITDA showing small growth of less than 10%.
However, their substantial acquisitions during this period mean that their profit during this period has suffered a drop. It’s not a worry for them at the moment as they feel the acquisitions will allow them to continue growing in the near future.
Their B2B revenue increases over the first half of 2019 were their most impressive, showing almost 80% growth.
This hasn’t translated into a stable share price though. It has fluctuated on the market and the current release of their financial position has lead to a slight drop in the share price.
Despite the volatile share price, the CEO of Aspire Global released a statement saying that he was happy with their current direction. Because they are attempting to grow at the moment their profits will be impacted in the short term, however, they expect it to place them in a strong position in the long term as their growth tactics bear fruit.