Half Year 2024 Pureprofile Ltd Earnings Call Transcript
Key Points
- Pureprofile Ltd (ASX:PPL) reported its first profit of $41,000 for the first half of FY24, a significant improvement from a net loss of $386,000 in the same period last year.
- The company saw a strong revenue growth of 8% for the half-year, with international business growth exceeding 20%.
- Platform revenue growth was impressive at 104%, driven by an increase in panelists recruited from Audience Builder partnerships.
- The reported cash balance stood at $4.5 million as of December 31, with a significant uplift in net cash from operating activities of $1.2 million.
- Pureprofile Ltd (ASX:PPL) has expanded its global presence, now operating in 13 different countries, and opened new offices in Germany, Spain, and Portugal.
- The Australian market experienced a soft period in October, impacting overall revenue growth for the region.
- Revenue for the continued business was up 8%, but the overall revenue was down 3.1% due to the closure of the Pure.amplify business.
- The company faces challenges in managing costs and investments to ensure continued profitability.
- There is a potential threat from other data sources and AI-generated data, which could impact Pureprofile Ltd (ASX:PPL)'s market position.
- The shift from equity-based to cash-based STI (Short-Term Incentive) has increased operating expenses, affecting EBITDA growth.
Well, hello, everyone, and welcome to Pureprofile's FY24 half yearly results investor briefing. My name is Jane Lowe. I'm the Managing Director of IR Department, and I'll be your moderator for today's session. Joining me today is Martin Filz, who is the CEO and MD of Pureprofile. Good morning, Martin.
Good morning, Jane.
Good morning. And also, Melinda Sheppard, who is CFO for Pureprofile. Good morning, Mel.
Good morning, Jane.
Good morning. Okay, so our format for today is Martin and Mel will walk you through the results that were released this morning to the ASX platform. They're also available via the Pureprofile website. The presentation component should
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
