Motio Limited trading update and FY25 outlook

Motio Limited (ASX: $MXO) has provided a trading update for FY24, indicating that the company remains on target for its financial year revenue goal between $7.7M - $8.2M. The update highlighted strong media sales for the quarter and increased utilisation across all networks. Additionally, the company reported the largest forward media booking week since its inception, providing confidence as it enters FY25. Spawtz SagS revenue continues to grow alongside its payment platform usage.

Executive Commentary

After several years of material growth investment, FY25 will be a year of consolidation with a focus on optimizing top and bottom line results. The company aims for revenue growth of between 10%-15% YOY with a target between $8.8M - $9.2M. The FY25 Cash EBITDA target (after office rent expense) is set to exceed $1.0M. Motio's digital display networks are currently optimized for the abovementioned targets, with a focus on increasing advertiser occupancy across existing inventory. The team will also take advantage of the increased profile of Motio's inclusion in the MOVE system to increase advertiser occupancy. The Spawtz team is focused on acquiring new clients to grow SaaS revenue and capitalize on the maturing social sports market in Australia, New Zealand, and the UK. Important product developments are on the roadmap to enhance and grow the user base over the next 12 months.

Summary

Motio Limited has provided a trading update for FY24, indicating that the company remains on track to achieve its financial year revenue goal. The company also outlined its strategic focus for FY25, which involves a consolidation phase with a focus on optimizing top and bottom line results. The company aims for revenue growth of between 10%-15% YOY with a target between $8.8M - $9.2M and a FY25 Cash EBITDA target (after office rent expense) set to exceed $1.0M. Motio's digital display networks are currently optimized for the abovementioned targets, with a focus on increasing advertiser occupancy across existing inventory. The company will continue to provide regular updates on its progress for the FY25 financial year targets.