I hear some people trying very hard to "talk up Xero", but I do wonder about the viability of the company.
The latest press release I read noted that Xero has posted an annual net loss before tax of $6.75 million, in line with expectations and overtaking the previous year's $4.31 million loss.
The same press release also reported customer revenue was $959,000 from a customer base of 6,000.
A quick calculation shows their revenue is only $159.83 per customer, on that basis to break even, they would need to increase their customer base by a HUGE amount.
Is that sort of increase achievable ?
[Moderator edit (MF): moved to correct forum]