Kogan.com 2024 AGM highlights

Kogan.com (ASX:KGN) held its 2024 Annual General Meeting, showcasing a year of strong financial performance. The company reported significant growth in platform-based sales and profitability, alongside key achievements such as a 25% increase in Kogan FIRST subscribers and delivering $40 million in adjusted EBITDA. A fully franked dividend of 15 cents per share and a share buy-back program were also announced.

Kogan.com financial outlook and strategy

Kogan.com showcased a successful year during its 2024 AGM, highlighting its financial achievements and strategic initiatives. The company achieved a record performance in its verticals with $20 million in revenue and a significant increase in adjusted EBITDA, reaching $40 million. Through effective inventory management, Kogan.com reduced inventory by 40%. The company also improved its gross sales and revenue, with a notable increase in gross profit and margin. Strategic initiatives focused on platform-based sales and responsible governance are set to drive future growth. Kogan.com remains optimistic about continued growth and profitability, while acknowledging potential risks and uncertainties.

Executive insights from Kogan.com AGM

The presentation highlighted a strong year for the company, with significant growth in platform-based sales and profitability. Key achievements included a 25% increase in Kogan FIRST subscribers, achieving $20 million in revenue from its verticals, and delivering $40 million in adjusted EBITDA. The company emphasized its effective inventory management and high-quality earnings, which contributed to its financial success.