Banxa Holdings, Inc. (TSE:BNXA) has released an update.
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Banxa Holdings Inc. has reported achieving positive adjusted EBITDA for January 2024 and forecasts a gross profit between AUD$26.5 million to AUD$27.5 million for fiscal year 2024, indicating a 31% increase from the previous year. The company’s adjusted EBITDA is expected to rise by 96% to between AUD$0.8 million loss and AUD$0.2 million gain. These milestones reflect the company’s strategic focus on scaling and building for the embedded crypto future, with the leadership expressing confidence in Banxa’s sustainable growth trajectory.
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