Banxa Holdings, Inc. (TSE:BNXA) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Banxa Holdings Inc. reported substantial growth in its FY24 financial results, with a 48% increase in Total Transaction Value (TTV) to AUD 957 million and a 67% rise in Gross Profit to AUD 28.8 million. The company’s improved efficiency and reduced operating expenses led to a significant improvement in Adjusted EBITDA, although it was still below guidance due to market challenges.
For further insights into TSE:BNXA stock, check out TipRanks’ Stock Analysis page.