Redbubble Ltd. (AU:ATG) has released an update.
Redbubble Ltd. reports a strong financial turnaround in FY24, with a positive underlying cash flow of $0.9 million, marking a significant $47.8 million improvement from the previous year. Gross profit increased by 4% to $181.7 million, with a notable gross profit margin of 42.9%. The company anticipates continued growth and cost discipline in FY25, aiming for a gross profit after paid acquisition (GPAPA) margin of 24-26% and maintaining positive cash flow.
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