- One Click Group (1CG) offers mortgage management and tax return software products
- The company posted revenue of $545,000 in Q4 FY23
- Tax return tech is its strongest money maker with CY2023 revenue already surpassing CY2022
- Expansion of marketing strategy is highlighted as a considerable factor and the company expects to launch new ID verification apps around September
- One Click shares are up 10.5 per cent, trading at 2.1 cents at 10:29 am AEST
One Click Group (1CG) has posted revenue of $545,000 for the three-month period to June 30, 2023.
The company reported revenue generation in July CY2023 surpassed the entire revenue made by the company in CY2022.
One Click’s mortgage product continues to prove popular with the market and first revenues generated from that division have already come into the company’s coffers.
This income stream, the company announced, is growing monthly – helped by the receipt of $2.2 million from a backer to expand One Click’s automated tax return software offering.
One Click also highlighted the evident success of its marketing strategy expansion through the first half of CY23.
The company’s tax return software is its biggest money maker. Just recently, the company clocked its 100,000th user.
Cash on hand sits at $1.5 million. The company spent $684,000 through the quarter.
“The key focus for the June quarter was setting our digital marketing strategy in preparedness for the busy June and the September quarter,” 1CG Managing Director Mark Waller said.
“Further, generating revenue from new products such as One Click mortgages and our Next Day Refund Tax product has accelerated our overall revenue growth and increased our average revenue per user, which is an important focus on this stage of our growth journey.
“We have stepped up sales activities of our One Click Verify digital identity verification platform with a number of enterprise agreements expected to be finalised in the September quarter.”
One Click shares were up 10.5 per cent, trading at 2.1 cents at 10:29 am AEST.