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The latest update is out from Cettire Ltd. ( (AU:CTT) ).
Cettire Limited reported a slight increase in sales revenue for Q3 FY25, with a 1% rise compared to the previous year. Despite the challenging market conditions and increased promotional activities, the company maintained a strong customer base with an 8% increase in active customers. However, the company faced a negative adjusted EBITDA, partly due to foreign exchange losses. The recent US tariff changes have softened demand in Cettire’s largest market, prompting the company to focus on geographic diversification and cost-saving initiatives to drive profitability in the coming quarter.
More about Cettire Ltd.
Cettire Limited is a global luxury online platform based in Melbourne, Australia, focusing on personal luxury goods. The company emphasizes market share growth within the volatile luxury goods sector, offering a wide range of high-end products to a global customer base.
YTD Price Performance: -53.64%
Average Trading Volume: 3,410,648
Technical Sentiment Signal: Buy
Current Market Cap: A$266.9M
Learn more about CTT stock on TipRanks’ Stock Analysis page.