Connexion Mobility Ltd Q1 FY27 Quarterly Update
Key points
- Record revenue of $3.8m, up 14% QoQ and 33% YoY
- Gross Profit increased by 12% QoQ to $2.3m
- Net Profit Before Tax rose by 9% QoQ to $1.2m
- Automotive segment revenue reached $0.75m, contributing 19% to total revenue
- Hyundai Motor America appointed Connexion as its exclusive supplier for Dealer Lot Management
Full summary
Connexion Mobility Ltd's Q1 FY27 Quarterly Update highlights significant growth across its software and automotive segments. The company reported a 14% QoQ and 33% YoY increase in revenue to $3.8m, with the automotive segment contributing $0.75m, representing 19% of total revenue. Gross profit increased by 12% QoQ to $2.3m, while net profit before tax rose by 9% QoQ to $1.2m. Connexion Software Marketplace subscriptions grew by 27 to 297. Hyundai Motor America selected Connexion as its exclusive supplier for Dealer Lot Management.
Outlook
Connexion Mobility plans to secure the GM US renewal, deliver Hyundai Dealer Lot Management, and focus on improving operations and service standards.
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