Change Financial Ltd (AU:CCA) has released an update.
Change Financial Ltd reports a strong third quarter for the 2024 fiscal year, with customer receipts up 9% and a 25% revenue increase compared to the previous year, reaching a record US$3.0 million driven by professional services and Platform as a Service (PaaS) client growth. The company also achieved a positive net operating cash flow and is on track to hit EBITDA positive by June 2024, bolstered by significant product expansions in Southeast Asia and a robust cash position without any debt.
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