Butn's Q4 FY24 Report Highlights

Butn Limited (ASX: $BTN) has reported its quarterly activities for the three months ended 30 June 2024, achieving record quarterly revenue of $3.5 million, marking a 7% increase from the previous corresponding period (pcp). The business also attained a sustainable Net Operating Cashflow of positive $0.2 million, reflecting improved revenue margins and successful business optimization. Additionally, the company raised an additional $5.0 million in equity during the quarter, leading to a closing cash position of $13.3 million, up 35% from the previous quarter.

Executive Commentary on Q4 FY24 Performance

Q4 saw continued growth with record quarterly revenues and a significant breakthrough in net operating cashflow to positivity for the business. The Butn platform originations were a particular highlight, achieving record numbers and continued growth, with total quarterly originations finishing at $117.5 million. The successful equity raise of $5.0 million further supports our growth initiatives. Management's focus on business optimization resulted in significant cost reductions, positioning us well for continued improvement in revenue growth and cash generation in FY25.

Summary of Q4 FY24 and Outlook

Butn's Q4 FY24 report demonstrates a remarkable 7% increase in quarterly revenue, reaching $3.5 million, and a positive operating cashflow of $0.2 million. The company's focus on business optimization led to improved revenue margins and significant cost savings, contributing to a closing cash position of $13.3 million, up 35% from the previous quarter. With a strong emphasis on new organic and inorganic growth opportunities, Butn aims to capitalize on its operating leverage and strategic partnerships to enhance revenue growth and cash generation in FY25.