Change Financial Ltd Q1 FY27 Update
Key points
- Positive net cash flow of A$0.3m in Q1 FY27
- Record quarterly PaaS revenue of A$3.2m, up 26%
- Active cards on PaaS platform increased by 92% QoQ
- Four new PaaS clients in final contracting phase
- FY27 net cash flow positive expected
Full summary
Change Financial Ltd released its Q1 FY27 quarterly update, highlighting positive net cash flow of A$0.3m. The company experienced a 3% decrease in revenue to A$6.3m on a constant currency basis, driven by lower one-off licence and professional services revenue. However, PaaS revenue reached a record A$3.2m, up 26% QoQ. The number of active cards on the PaaS platform increased by 92% QoQ, with two new PaaS clients signed and four more in final contracting phase. The company expects growth from onboarding six new clients and remains focused on commercializing its Paysim product. Change reconfirms its FY27 guidance of net cash flow positive.
Guidance
FY27 net cash flow positive expected
Outlook
Change Financial Ltd expects growth from onboarding six new PaaS clients and four in final contracting phase, with a focus on commercializing Paysim.
Summary generated by a large language model. Please interpret with care.