Tech companies are lining up to go public — here's what we learned from the most recent wave of IPO filings

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Tech companies are lining up to go public — here's what we learned from the most recent wave

Affirm's net loss in the quarter narrowed by about half from a year ago, to $15.3 million. On a percentage basis, the biggest cost increase came in sales and marketing, where expenses quadrupled to $22.6 million tied to its new relationship with Shopify.The number of active consumers surged to 3.9 million in the quarter from 2.4 million a year earlier. The direct-to-consumer trend that's fueling online commerce and pushingstock higher is also driving Affirm.

, where Covid-19 first started spreading. Revenue dropped in the first quarter then picked up in the second. But the company said that merchants continue to suffer from supply chain disruptions and slow delivery times to various parts of the world.

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