From GlobeNewswire:

Banxa Holdings Inc. has reported an unaudited increase in Total Transaction Volume to AUD $202 million, a 68% increase relative to the three-month period ended September 30th, 2022. They also saw a 136% increase in Gross Profit to AUD $6.6 million and a 48% decrease in Adjusted EBITDA to AUD ($1.2 million) due to financing costs and expansion into the US.

Banxa’s Chairman and CEO expressed confidence in the company’s future and its ability to deliver shareholder value given the growth in volumes and efficiencies. The company will also hold an investor webinar on January 16th, 2024, to discuss its FY23 and Q1 financial results.

Investors and prospective investors are encouraged to attend the webinar and can register through the provided link. For more information, investors can contact Zafer Qureshi at [email protected].

The company reported that it missed the filing deadline for the Annual Filings but indicated that it will file subsequent status reports and the Annual Filings within the time period described. Banxa acknowledged the numerous risks and uncertainties and stated that there can be no assurance that forward-looking statements will prove accurate. Readers are cautioned not to place undue reliance on forward-looking statements and forward-looking information.



Read more: Banxa Reports Q1 FY24 Financial Results