Brief: Bikeexchange Starts 2024 With Intention To Drive Business To Profitability

Bikeexchange

28/07/2023 07:02

July 28 (Reuters) - Bikeexchange Ltd  BEX.AX :
    * STARTS 2024 WITH A CLEAR INTENTION TO DRIVE BUSINESS TO
PROFITABILITY
    * EXPECTS TO HAVE A SIGNIFICANTLY REDUCED LEVEL OF COMMITTED
OPERATING CASH  OUTFLOWS IN Q1 FY24
    * IN QUARTER, REPORTED A A6% INCREASE IN ECOMMERCE TOTAL
TRANSACTION VALUE VERSUS Q4 2022 TO A$8.0M
    * ANTICIPATED INCREASE IN REVENUES FROM LAUNCH OF NEW
CONSUMER
FRONT END WILL SUPPORT BUSINESS WELL INTO FY24
    * EXITED ITS RETAIL BUSINESS OPERATIONS IN COLOMBIA
    * NEW CONSUMER PLATFORM TO GENERATE RETURNS AS PLATFORM
LAUNCHED
DURING  Q1 AND Q2 FY24 POSITIONING GROUP WELL ON PATH TO
PROFITABILITY

Source text for Eikon:  ID:nASXbDmCt5 
Further company coverage:  BEX.AX 

 ((Reuters.Briefs@thomsonreuters.com;))