The latest announcement is out from Kogan.com Ltd. ( (AU:KGN) ).
Kogan.com Ltd. reported a 22.3% increase in revenue for the six months ending December 2024, due to strong performance across its divisions, while its subsidiary, Mighty Ape, faced a 13.7% revenue decline after technical issues with a website upgrade. Despite these challenges, Kogan.com achieved a gross margin increase to 38.9% and a statutory profit after tax of $10.3 million. The company declared a 7.0-cent interim dividend and continued its share buy-back program, demonstrating sound financial health with $67.7 million in cash and no debt.
More about Kogan.com Ltd.
Kogan.com Ltd. is an e-commerce company that operates in the online retail industry, offering a wide range of consumer goods including electronics, home appliances, and apparel. The company focuses on expanding its market share through strategic marketing and customer growth initiatives.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $285.7M
Learn more about KGN stock on TipRanks’ Stock Analysis page.