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Thursday, February 29, 2024

Beforepay posts second consecutive quarterly revenue and report quarterly income

ASX-listed Beforepay have posted its second consecutive quarterly revenue of $0.57 million on report quarterly income of $9.1 million, for the quarter ended 31 December 2023 (Q2 FY24).

Beforepay achieved a web revenue earlier than tax of $0.57 million and an EBITDA of $1.63 million. That is the corporate’s second consecutive quarterly web revenue and ends in an unaudited H1 FY24 web revenue of $2.21 million and EBITDA of $4.24 million.

Beforepay additionally has a powerful steadiness sheet with money available of $18.9 million and an fairness place of $29.7 million.

Beforepay CEO Jamie Twiss mentioned, “I’m happy to be asserting our second consecutive quarterly revenue, pushed by continued top-line development, tightly managed prices, and powerful default outcomes. We proceed to assist extra clients than ever with a protected, inexpensive various to revolving debt. With one other quarter of profitability and our robust steadiness sheet, we proceed to be well-positioned for the long run, and are exploring further development alternatives.”

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