Pureprofile's Financial Year 2024 Achievements

Pureprofile Limited (ASX:PPL) has reported continued growth and strategic achievements for the financial year 2024. The company achieved a record sales revenue of $48.1 million, marking a 10% increase from the previous year, and a maiden net profit after tax of $0.1 million. The company's cash position improved to $5.2 million, highlighting its commitment to profitability and expansion.

Pureprofile's Strategic Focus and Future Outlook

Pureprofile Limited has made significant strides in FY24, highlighted by a 10% revenue increase and a maiden net profit. The company expanded geographically, opening offices in Portugal and Germany, and formed strategic partnerships with companies like ShopBack and Prograd. The acquisition of i-Link Research Solutions added $2.7 million in revenue. Looking forward, Pureprofile plans to leverage AI, expand its global presence, and enhance its data capabilities. The company aims for FY25 revenues of $55 to $57 million with an EBITDA margin of 9% to 10%, driven by international expansion and platform growth. By 2026-2027, Pureprofile intends to double UK revenue and triple US revenue, focusing on platform business and market opportunities.

Executive Insights on Pureprofile's Growth

We are pleased to report continued strategic achievements and growth for FY24. Our expansion into new geographies, strategic partnerships, and focus on technological innovations, particularly in AI, have been key drivers for our success. We remain committed to driving growth through organic and inorganic investments and look forward to leveraging our enhanced capabilities to further strengthen our market position.