Brief: Bikeexchange Posts 17% Increase In Lookthrough Total Transaction Value To A$8.2M For Q2

Bikeexchange

31/01/2023 08:51

Jan 31 (Reuters) - Bikeexchange Ltd  BEX.AX :
    * 17% INCREASE IN LOOKTHROUGH TOTAL TRANSACTION VALUE TO
A$8.2M
FOR Q2 FY23
    * EMPLOYEE COSTS ARE EXPECTED TO REDUCE SIGNIFICANTLY OVER
REMAINDER OF FY23
    * Q2 FY23 RECEIPTS FROM CUSTOMERS WERE A$10.1 MILLION , UP
17%
    * BIKEEXCHANGE CONTINUES TO TARGET POSITIVE OPERATING CASH
FLOWS
IN Q4 FY23
    * DECREASED ANNUALISED COST BASE FOR FY23 BY A$4 MILLION OR
43%
COMPARED WITH FY22

Source text for Eikon:  ID:nASX6xnV4r 
Further company coverage:  BEX.AX