Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | One Click Group Ltd (1CG.ASX) |
|---|---|
| Release Time | 31 Jan 2025, 8:58 a.m. |
| Price Sensitive | Yes |
One Click Group reports strong Q4 2024 results
- 42% growth in registered users to over 170,000
- 26% revenue growth to $4.9 million
- 73% CAGR in revenue since listing in 2022
- MOU signed for One Click Life Super product
One Click Group Limited, a fast-growing finance and life admin technology platform, has reported strong results for the quarter ended 31 December 2024. The company saw a 42% growth in registered users on the One Click Life Platform, reaching over 170,000 users by the end of the quarter. Revenue grew by 26% on the prior comparative period to $4.9 million, and the company has achieved a 73% compound annual growth rate (CAGR) in revenue since listing on the ASX in 2022. During the quarter, the company also signed a Memorandum of Understanding (MOU) with a platform provider in relation to the One Click Life Super product, with a target go-live date in the second quarter of 2025. The company enters 2025 with a focus on building revenue in the shoulder season outside of the July to October period, where it has demonstrated profitability. The introduction of the superannuation product is expected to mark a major milestone for the company and allow for growth in an annuity-based revenue stream.
The company expects to cross 200,000 registered users in July 2025, marking a major milestone. The company is well positioned to deliver its first profit in 2025 based on the revenue growth experienced in both November and December 2024 and the growing user base.
The company will continue to work on expanding the suite of products and the quality of the products and services available through the One Click Life platform throughout 2025. The introduction of the superannuation product is expected to mark a major milestone for the company and allow for growth in an annuity-based revenue stream.