Bridge SaaS (ASX: $BGE) FY23 Financial Results

Bridge SaaS Limited (ASX: $BGE) has reported a reduced net loss for the financial half-year ending 31 December 2023. The decrease in net loss is attributed to cost-saving measures implemented in mid-2023, particularly relating to marketing and technical contractor expenses, as well as a reduction in amortisation costs. The increase in revenue is largely due to additional services provided to customers during the year.

Executive Commentary on FY23 Performance

The increase in revenue and reduction in net loss reflect our commitment to implementing efficient cost-saving measures and providing additional services to our customers. We are pleased with the progress made during the financial half-year ending 31 December 2023 and remain focused on further improving our financial performance and delivering value to our shareholders. - Joshua Quinn, Executive Director

Summary of FY23 Financial Results and Outlook

Bridge SaaS Limited (ASX: $BGE) has successfully reduced its net loss for the financial half-year ending 31 December 2023 through the implementation of cost-saving measures and an increase in revenue from additional services provided to customers. The company's focus on growth and customer retention has contributed to this positive outcome. Looking ahead, Bridge SaaS aims to continue its efforts in improving financial performance and delivering value to its shareholders.