Snippets from Earnings Call
- Van sales were $135k for the quarter
- The take rate is a bit lower due to govt accommodation program which had a lower take rate but has been renegotiated.
- Camplify has been experimenting with different marketing activities and it's focused on those that drive ROI and further optimisation.
- The environment of inflation/interest rates is helping Camplify to enjoy more listings and more demand.
The costs under "product manufacturing and operating costs" went up because under the govt flood assistance program, Camplify pays out monthly to the RV owners while Camplify receives the money from the government much later. Also, some more hiring to cover peak season in Australia and New Zealand.- Strong demand from customers, the problem we're seeing is having more fleet. Demand for TAP is quite significant as well. Some pressure in the UK so Camplify is trying to fix that.
- Profitability target? "FY 2024, Camplify is getting closer and closer. It's very achievable."
Thesis on track.
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Snippets from Earnings CallVan sales were $135k for the...
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