Overview of One Click Group's activities and financial performance

One Click Group Limited (ASX: $1CG) has achieved record revenue of $3.9 million in 2023, marking a significant 144% increase from the previous year. The company's user acquisition also experienced strong growth, with over 120,000 users now registered on the One Click Life Platform, representing an 85% increase from the previous year. The average revenue per user has risen to $32 in 2023, up from $25 in 2022. Additionally, One Click Group successfully introduced new financial products, including the capability to broker mortgages, personal loans, and car loans. The company also completed a successful rights issue in Q4 of 2023, raising approximately $1.1 million.

Managing Director's perspective on company performance and future outlook

Managing Director, Mark Waller, highlighted the company's focus on assisting customers with their 2023 tax returns and lending needs during the December Quarter. Waller expressed satisfaction with the company's revenue generation, which aligned with expectations and reflected an outstanding year of growth. He emphasized the exciting juncture reached by the One Click Life platform and the numerous opportunities arising from the execution of their strategy. Waller expressed confidence in the company's ability to improve customer acquisition growth in 2024, positively impacting the financial lives of more Australians. He also emphasized the company's position to benefit from the prevailing tailwinds in the digital identity verification industry.

Outlook and future plans for One Click Group

Looking ahead, One Click Group aims to continue growing its user numbers through a digital marketing strategy and pursue revenue growth from existing and new users who are yet to lodge their 2023 tax return. The company also plans to expand its product offerings on the One Click Life platform, with the goal of enabling customers to manage all their financial lives on the platform. Additionally, One Click Group seeks distribution opportunities for its digital identity verification platform. The company anticipates continued revenue growth in 2024 and is focused on positively impacting the financial lives of more Australians through its platform. Furthermore, the company aims to expand its free services, improve the usability of existing services, and enhance its product suite to simplify its customers' financial lives and drive positive commercial outcomes for the One Click Life platform.