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Change Financial Ltd ( (AU:CCA) ) has shared an update.
Change Financial Ltd reported strong financial performance in Q2 FY25, with a 103% increase in customer receipts to US$3.7 million and a 61% rise in half-year revenue to US$7.2 million. The company attributed its growth to the scaling of its PaaS revenue and the strategic decision to exit the US market, which is expected to improve financial performance by allowing a focus on profitable growth in Australia and New Zealand. The signing of a new client in New Zealand and ongoing projects reinforce its market positioning, with expectations of achieving over 30% revenue growth and a positive EBITDA year.
More about Change Financial Ltd
Change Financial Ltd is a company operating in the financial technology industry, providing payment as a service (PaaS) solutions. The company focuses on delivering innovative financial services primarily in Australia and New Zealand, leveraging its Vertexon platform to support clients in launching and managing payment solutions.
YTD Price Performance: -49.33%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $32.1M
For an in-depth examination of CCA stock, go to TipRanks’ Stock Analysis page.