To The Moon

🌟🌟🌟It's almost Christmas and the busiest time of the year for Retailers and ECommerce companies! The mantra is "Shop like there is no tomorrow! " The best performing ECommerce stock this year is $Shopify(SHOP)$ Shopify is up almost 9% in the past 5 days and a whopping 121% year to date! Shopify helps companies build online stores and sell products. Shopify powers millions of businesses in more than 175 countries. Among its biggest customers are Mattel, Gymshark, Heinz, SKIMS and many more. Shopify makes revenue through monthly subscriptions which helps ensure a recurring revenue for it. Many small businesses rely on Shopify to power their businesses. This year Shopify reported its best Black Friday in history as the merchants on its platform generated USD 4.1 billion in sales. Shopify also reported a stellar Q3 2023 earnings report. Gross Merchandise Volume (GMV) increased 22% to USD 56.2 billion, an increase of USD 10 billion year over year. Total revenue increased 25% to USD 1.7 billion compared to previous year. This translated into 30% growth. Gross Profit grew 36% to USD 901 million compared to previous year. Gross margin for Q3 23 was 52.6% compared to 48.5% year on year. Operating income was USD 122 million or 7% of revenue compared to Operating loss of USD 346 million or 25% of revenue year on year, driven by higher gross profit and lower operating expenses in the quarter. Free Cash Flow was USD 276 million compared to negative free cash flow of USD 148 million year on year. Cash and marketable securities were USD 4.9 billion as at September 30 2023. What an outstanding difference from 2022! Shopify 's All Time High share price was USD 169.06 on November 19 2021. So Shopify still has some catching up to do. Shopify has a great business model as it takes a fee from the purchase for every transaction and if purchase is made through Shopify Payments, it will make even more. That is a winning formula for Shopify and it will certainly contribute to future growth. The global EComnerce market size was valued at USD 9.09 Trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. I believe that Shopify is well positioned for great growth ahead and its share price may continue to reach new highs. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerClub @TigerPicks @Tiger_SG