Solid quarter. Standouts for me:
- 2nd straight quarter of positive operating cash flow ($0.7m).
- $17.2m net cash and now consistently cash flow positive, so a good cash buffer in place to invest for growth.
- Established AUS marketplaces generated $4.1m of EBITDA in the quarter (>30% EBITDA margin which is very strong).
- This line was probably the standout for me as it addresses my core concern of platform leakage:
"This strong revenue result was driven by successful funnel optimisation programs including theintroduction of a revised cancellation policy designed to improve platform reliability and addresstask leakage. These programs saw cancellations reduce by 22.5% on pcp resulting in the take rate improving by 3.4 percentage points to 20.0%."
Concerns:
- Overseas marketplace growth has decelerated much more than I would've expected at such an early stage. Is there more competition in US/UK than in AUS?
- GMV down high single digits YoY - cannot rely on expanding take rate forever for revenue growth.
- Where does the next leg of growth come from? Any more acquisitions on the horizon?
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Solid quarter. Standouts for me: 2nd straight quarter of...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ART (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.0¢ |
Change
0.003(1.05%) |
Mkt cap ! $108.5M |
Open | High | Low | Value | Volume |
24.0¢ | 24.5¢ | 23.0¢ | $44.60K | 188.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 42995 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.240 |
1 | 64615 | 0.235 |
5 | 80169 | 0.230 |
1 | 4444 | 0.225 |
1 | 5000 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 42995 | 2 |
0.250 | 5165 | 5 |
0.255 | 12000 | 1 |
0.260 | 49533 | 8 |
0.265 | 29009 | 4 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
24.0¢ |
  |
Change
0.003 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
24.0¢ | 24.5¢ | 23.5¢ | 103724 | ||
Last updated 15.39pm 21/05/2024 ? |
Featured News
ART (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online