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Ann: Further upgrade to FY24 Guidance, page-7

  1. 116 Posts.
    lightbulb Created with Sketch. 209
    Nice to see this. A couple of key call-outs in my mind:

    • Revenues at top end of range ($42m) imply a c. $11.5m Q4 and suggests a steeper growth rate is being achieved than anticipated. Good to see but not that unexpected given macro tailwinds
    • Margin improvement driving EBITDA out-performance is the key surprise here. Did not expect that, given management's previous comment about investing into Customer Acquisition and resourcing for growth

    In combination these impacts make for an interesting roll-forward into FY25! I had previously suspected that a stretch budget for FY25 would have EBITDA in the $7-8m range. Might need to reconfigure now...

    Go well
 
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