Appendix 4E and Annual Report to Shareholders
| Stock | One Click Group Ltd (1CG.ASX) |
|---|---|
| Release Time | 27 Feb 2025, 9:23 a.m. |
| Price Sensitive | Yes |
One Click Group Ltd reports 2024 annual results
- Revenues up 27% to $4.9 million
- Loss down 24% to $1.98 million
- User base nearly tripled since listing in 2022
One Click Group Limited provides financial services and products through its One Click Life mobile app. The company has over 170,000 registered users across Australia and is able to deliver services nationwide through its fintech platform. The core product is online tax returns, with the company spending on digital marketing to grow the user base, which has increased by over 50,000 users in both 2023 and 2024. The company's revenue expanded to a record $4.9 million in 2024, up from $3.9 million in 2023, with operating expenses of $3.5 million creating a $1.4 million operating margin before marketing expenses. Marketing expenses for 2024 totaled $2.8 million. The company's EBITDA loss improved from $1.9 million in 2023 to $1.4 million in 2024. The company also completed a $3.26 million capital raise in 2024, issuing 401 million new shares and 451 million options. Key risks include the need to continue growing the user base and revenue through marketing spend, and the ability to achieve profitability without the need for further capital raises.