Cettire Ltd. (AU:CTT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cettire Ltd., a luxury online retailer, has reported an impressive growth in FY24, with an 81% increase in gross revenue to $978.3 million and a 78% rise in sales revenue to $742.3 million. Active customers grew by 64%, reaching nearly 692,000, and repeat customers now represent 61% of gross revenue, indicating strong customer loyalty. The company also achieved a significant adjusted EBITDA of $32.5 million and ended the year with a strong cash position of $79.0 million, maintaining zero financial debt.
For further insights into AU:CTT stock, check out TipRanks’ Stock Analysis page.