Business
2 fast-growth ASX tech shares that are being sold off
Over the last couple of weeks there are some fast-growth ASX tech shares that are being sold down.
Here are two examples:
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price dropped 6.4% yesterday and it has fallen almost 25% since 25 January 2021.
The ASX tech share released its FY21 half-year result this week.
Temple & Webster reported that its revenue for the six months to 31 December 2020 went up by 118% to $161.6 million. Whilst mostly a consumer business, the company also reported that its trade and commercial division grew 89% year on year.
During the period, the number of Temple & Webster active customers went up 102% to 687,000. It recorded its first day of $3 million of checkout revenue, which was…
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