- Kogan (KGN) has seen a further acceleration in gross sales, gross profit, and earnings before interest, taxes, depreciation and amortisation (EBITDA) over the June quarter
- Based on unaudited management accounts, the online retailer saw its gross sales grow by more than 95 per cent, its gross profit grow by more than 115 per cent, and adjusted EBITDA grow by more than 149 per cent
- Active customers grew to more than 2.1 million, with an increase od 109,000 active customers in the month of June alone
- Finally, Kogan.com had a cash balance of $147 million as of June 3
- On Friday, it was announced that Kogan.com must pay millions of dollars after misleading customers in a 2018 sale
- Kogan.com is down a slight 0.92 per cent and shares are currently trading for $17.18 each
Kogan (KGN) has seen a further acceleration in gross sales, gross profit, and earnings before interest, taxes, depreciation and amortisation (EBITDA) over the June quarter.
Based on unaudited management accounts, the online retailer saw its gross sales grow by more than 95 per cent to more than $94 million and gross profit grow by more than 115 per cent to more than $17 million in quarter four.
Adjusted EBITDA also grew by more than 149 per cent to more than $7.9 million from the prior corresponding period.
Active customers grew to 2,183,000, with an increase of 109,000 active customers in the month of June alone.
As of June 30, Kogan.com had a cash balance of $147 million.
“In early July we celebrated four years since listing the company on the ASX, and we are now proud to have delivered four consecutive years of significant growth in sales and earnings,” Founder and CEO Ruslan Kogan said.
“Our business is booming as more customers than ever choose Kogan.com. As a result, more than two million savvy customers have chosen to shop at Kogan.com in the last 12 months alone,” he added.
On Friday, it was announced that Kogan.com must pay millions of dollars after misleading customers in a 2018 sale.
Kogan.com is down a slight 0.92 per cent and shares are trading for $17.18 each at 12:04 pm AEST.