Results as expected, managed to remain profitable for the FY despite the $4m FX loss.
Extremely weak market conditions... the one bit of good news, is that Cettire still outperformed the entire sector even with a dismal performance by Cettire standards. All our competitors are unprofitable with declining revenue. Credit to Dean and team for maintaining revenue and profitability. That’s the beauty of Cettire’s OPEX light business model, can scale up or down easily and ride out these tough times.
Need to ride it out, the tide will turn eventually. The $4m in FX losses will be made back as FX gains in future quarters when the EUR/USD swings the other way. Cettire implemented further savings of $5m per year through restructuring.
Trade deals being signed and interest rates coming down.Market cap here is $133m for a company that's profitable doing $700m+.
Bring on FY26
CTT Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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