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One Click Group (ASX:1CG) shares jumped 4% on Wednesday as the company ended the June quarter with over $2M in cash; $1M in revenue and over 150K users on-board.
That the company ends the period with over $1M reflects a 40% increase vs pcp; indicating a steady growth trajectory for the fintech microcap.
“The quarter ended very strong with revenue up 40% for the half compared to H1 2023, which continued into July with revenues already over $3m as at 22 July, showing great growth and comparing positively to the previous year’s entire calendar year revenue of $3.85m,” 1CG MD Mark Waller said on Wednesday.
“Cash receipts were in line with expectations and were very strong in July as expected.
“Wth over $2M in cash receipts received, leaving the Company well funded … registered users on the One Click Life platform continued to grow during the quarter with marketing activities increasing into the busy July period.”
The company pointed to strength within its digital marketing strategy as a key growth catalyst; so too were the strategic objectives at management-level to pursue growth from the 2024 tax time season.
The company, all in all, offers tax return solutions to the Australian consumer.
“[The company will] further improve existing product ecosystem and expand products available on the One Click Life platform with the intention of allowing our customers to manage all of their financial life through One Click Life,” 1CG wrote on Wednesday.
“We continue to grow the business at an excellent rate with all key metrics trending positively,” Waller added.
1CG last traded at 1.3cps.
