Full Year 2024 Mad Paws Holdings Ltd Earnings Call Transcript
Key Points
- Mad Paws Holdings Ltd (ASX:MPA) achieved a 3% increase in group pro forma operating revenue, reaching $6.7 million in Q4 FY24.
- The company saw a significant improvement in EBITDA, with a $500,000 increase compared to the previous year.
- Operating cash flow improved by $600,000 year-on-year, indicating better financial health.
- The company successfully launched the Mad Paws pet store, consolidating its brand and offerings under a single platform.
- Mad Paws Holdings Ltd (ASX:MPA) secured a new $2 million debt facility with a 36-month term, providing financial flexibility for future growth initiatives.
- Revenue growth was lower than expected at 3%, impacted by soft market conditions and holiday timing.
- Group transaction volumes were down 4% compared to the prior corresponding period.
- Waggly's revenue decreased by 41% due to reduced marketing investment in the subscription offering.
- The company incurred a $0.2 million cash restructuring expense related to marketing and operations overhaul.
- Despite improvements, the group still reported a negative operating EBITDA of $0.3 million for Q4 FY24.
Good morning, everyone. We just got give another minute for people to join. Well, I think we're good to go.
Good morning, and welcome to the Q4 FY24 quarterly results presentation for Mad Paws. As always, thanks so much for joining us today. We've got, as always, Graham Mason, our CFO on the call as well as myself, Justus Hammer. I'm the CEO and Co-Founder of Mad Paws.
As always, in these presentations, we're going to run you through the results of the quarter and Graham will give you a little bit more detail on the financial performance for the year. (Event Instructions)
And with that, I think we can get started.
Just a quick reminder of kind of what we're all about. We exist to enable pets to live their lives to the fullest. And our vision is to become the leading provider of trusted pet products and services that enhance the health and well-being of all the pets.
Now just let me give you a quick overview of Mad Paws, in case you haven't heard our story
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