BGE Price sensitive 28 Feb 2025, 3:26 PM

Half Yearly Report and Accounts

Bridge Saas Ltd

Bridge SaaS Ltd Reports Half-Yearly Results

Key points

  • Revenue up 196.7% to $3,080,105
  • Loss after tax up 7.2% to $555,048
  • Acquisition of 51% stake in Brightside Disability Support & Respite Pty Ltd

Full summary

Bridge SaaS Limited has reported its half-yearly results for the period ended 31 December 2024. The company's revenue from ordinary activities increased by 196.7% to $3,080,105, while the loss from ordinary activities after tax attributable to the owners of Bridge SaaS Limited was up 7.2% to $555,048. The loss for the consolidated entity after providing for income tax and non-controlling interest amounted to $555,048 (31 December 2023: $517,812). On 15 August 2024, the company completed the acquisition of a 51% interest in the issued capital of Brightside Disability Support & Respite Pty Ltd. Brightside has demonstrated exceptional performance since being under Bridge's control, with revenue increasing by 3% and gross profit experiencing a substantial rise of 17% compared to the previous quarter. Participant numbers in care also grew by 17%, with a notable 30% increase in Supported Independent Living (SIL) participants. Bridge is actively exploring growth opportunities within the Disability Employment Services (DES) and NDIS sectors, leveraging its SaaS solutions to provide superior outcomes for both new and existing clients. The company is also exploring the potential of artificial intelligence (AI) and humanoid robotics in the disability sector.

Guidance

Bridge SaaS Ltd has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

Bridge SaaS Ltd is actively exploring growth opportunities within the Disability Employment Services (DES) and NDIS sectors, leveraging its SaaS solutions to provide superior outcomes for both new and existing clients. The company is also exploring the potential of artificial intelligence (AI) and humanoid robotics in the disability sector.

Summary generated by a large language model. Please interpret with care.

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