Tax solutions provider One Click Group (ASX:1CG) has alerted the market to a key milestone – its YTD CY2024 revenues have superseded those inked across all of the last calendar year.
One Click’s YTD revenues have notched in just under $4M, roughly what it made last year – but with another financial quarter’s worth of time left in CY2024.
Tied to the revenue boost is a growing userbase – as of late August, that’s now at 160,000 users. The company also reported strong revenue and user growth through August.
This year, the company has added an extra 40,000.
“This represents a step change in growth for the Company on prior years and is demonstrating the ongoing success in the business model employed by the Company,” One Click wrote on Thursday.
MD Mark Waller elaborated further.
“It’s great to surpass CY23 so early in the year. We are very pleased with the large number of new users who have discovered and engaged with our products this year,” Waller said.
“User numbers are still growing rapidly and we continue to engage with a long tail of registered users who have not yet completed their tax return, giving us confidence in continued revenue growth in 2024.”
1CG last traded at 0.9cps.