BILL Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 08, 2024 at 04:08 pm EST
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BILL Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 318.5 million compared to USD 260.01 million a year ago. Net loss was USD 40.42 million compared to USD 95.08 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.9 a year ago.
For the six months, revenue was USD 623.48 million compared to USD 489.93 million a year ago. Net loss was USD 68.28 million compared to USD 176.72 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to USD 1.68 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. 
