Bill.Com Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Three Months and Six Months Ended December 31, 2020
February 04, 2021 at 04:05 pm EST
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Bill.com Holdings, Inc. announced unaudited consolidated earnings results for the three months and six months ended December 31, 2020. For the three months, the company reported total revenue of $54,045,000 against $39,080,000 a year ago. Loss from operations was $14,171,000 against $7,938,000 a year ago. Net loss was $17,179,000 against $7,578,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.21 against $0.34 a year ago.
For the six months, the company reported total revenue of $100,254,000 against $74,260,000 a year ago. Loss from operations was $27,952,000 against $14,222,000 a year ago. Net loss was $30,130,000 against $13,274,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.37 against $0.87 a year ago.
BILL Holdings, Inc. is a provider of software-as-a-service, cloud-based payments, and spending and expense management products. It enables users to automate accounts payable and accounts receivable transactions, enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. It offers financial automation software for small and midsize businesses (SMBs). Through its automated solutions, it helps SMBs simplify and control their finances. It is a partner of the United States financial institutions, accounting firms, and accounting software providers. Its artificial-intelligence (AI)-enabled financial software platform creates connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make, and receive payments, manage employee expenses, sync with their accounting system, and manage their cash.
BILL HOLDINGS, INC. 
