https://www.nzx.com/announcements/422570
HIGHLIGHTS
• Trading revenue - $3.0 million, up 25% lifted by a 21% increase in Average RevenuePer Customer (ARPC).
• Annual recurring revenue2 $5.5 million, up 27%.
• Gross margin - 51%, up 5ppt benefiting from onboarding performanceimprovements.
• Total operating expenses - $7.7 million, down 10% following cost reductionsannounced in March 2023.
• EBITDA loss - $4.7 million, down 20%, expected to reduce further in 2H 24 in line withexpense reductions announced in October 2023.
• Net loss after tax - $4.8 million, down 32%.
• Cash and cash equivalents - $1.8 million, an additional $500K has been raised since.
• Revenue guidance for FY 24 affirmed at $6.0 million to $6.5 million