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Change Financial Ltd ( (AU:CCA) ) just unveiled an announcement.
Change Financial Ltd reported a strong performance for the first half of FY25, with a 61% increase in revenue to US$7.2 million, largely driven by its PaaS clients. The company has successfully exited its loss-making US operations, which is expected to improve future financial performance. With 78% of revenue coming from recurring income and a strategic focus on expanding in Australia, Change Financial is poised for continued growth. The company is strengthening its commercial team to capitalize on strategic opportunities and is confident in achieving its FY25 financial targets, including a revenue growth of over 30% and a positive EBITDA result.
More about Change Financial Ltd
Change Financial Ltd operates in the financial technology industry, providing payment solutions through its Platform as a Service (PaaS) offerings. The company focuses on the issuance of debit cards and payment processing, with a significant presence in New Zealand and an expanding focus on the Australian market.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.17M
Find detailed analytics on CCA stock on TipRanks’ Stock Analysis page.