Letter to Shareholders - End of Year Update
| Stock | Motio Ltd (MXO.ASX) |
|---|---|
| Release Time | 16 Dec 2024, 1:06 p.m. |
| Price Sensitive | Yes |
Motio Ltd Delivers Strong Q2 Revenue Growth
- Q2 revenue forecast to finish 32% up on prior year
- Unaudited gross profit of 76%+
- $5.7M in media revenue booked for FY25, up 61%
Motio Ltd (ASX:MXO) has provided an end-of-year update to shareholders, highlighting the company's strong performance in Q2 and continued momentum into the second half of the financial year. The key points include:- Q2 revenue forecast to finish 32% up on the same period last year, across all revenue streams- Unaudited gross profit of 76%+- Revenue (media) per location has exceeded $8K (annualized) for Q2- $5.7M in total media revenue booked for FY25 as of December 13, up 61% compared to the same time last year- Total forward revenue in H2 is $1.49M, up from $770K at the same time last year- The company is currently at 71% of its total annual media revenue targetMotio's CEO noted that the key goal for FY25 was monetization, which the company has been delivering on. The Board is evaluating strategic and tactical opportunities that are cash flow positive and have a payback period of 1 year or less. The company has reiterated its upgraded guidance for Cash EBITDA of $1.2M+, with further commentary to be provided in February.The announcement also highlighted Motio's commitment to expanding and innovating within its business, including the launch of Creator to assist in the expansion of its Café environments. The company is currently valued at around 1X revenue on the ASX and has consistently increased revenue, operational efficiency, and cash flow over the past 4 consecutive years.
Following the recent AGM, Motio has provided upgraded guidance to its Cash EBITDA target from $1.0+ to $1.2M+. The company's revenue target remains the same, with further evaluation to be provided in February.
Motio is continually expanding and has bandwidth for significant scale opportunities. The company is looking towards opportunities to grow its business both acquisitively and organically, and is eager to provide further updates at the release of its H1 results in February.