- Affirm reported a significant upside to expectations when it released its earnings earlier this month.
- The company's CEO forecast that the company would consistently achieve non-GAAP profitability in its fiscal '24 year.
- The major financial metrics the company reported for both growth and profitability continue to show encouraging trends.
- Affirm's valuation continues to contract as its results are better than expected and its share price has declined.
- As will be discussed, Affirm, despite being a species of a consumer lending company, has some unique properties that should allow it to thrive even as consumers cut back spending.
For further details see:
Affirm Does Have Numerous Special Sauces If You Know Where To Look