Pureprofile (ASX: $PPL) Q3 FY24 Update

Pureprofile Limited (ASX: $PPL) has announced board changes with Chair Linda Jenkinson and Non-executive Director Albert Hitchcock intending to retire from the Board. The company is in the process of recruiting Non-executive Chairs and Directors with a preference for industry experience. Additionally, Pureprofile has revised its financial guidance for FY24, with a revenue guidance of $48m to $49m and EBITDA Margin (excl. significant items) guidance of $4.1m to $4.5m.

Executive Commentary

The company is pleased to announce the upcoming board changes and expresses gratitude for the contributions of Chair Linda Jenkinson and Non-executive Director Albert Hitchcock. Pureprofile is committed to strengthening the board with individuals possessing industry experience to drive the company's strategic initiatives forward. The revised financial guidance for FY24 reflects the company's determination to achieve its targets and add value for shareholders.

Summary

Pureprofile (ASX: $PPL) has reported board changes and revised financial guidance for FY24. The company aims to strengthen its board with industry experience and is in the process of recruiting new Non-executive Chairs and Directors. The revised financial guidance includes a revenue guidance of $48m to $49m and EBITDA Margin (excl. significant items) guidance of $4.1m to $4.5m. Despite challenging trading conditions in Australia, the company achieved record continuing business 3rd quarter revenue in Q3 FY24, with a recovery in trading conditions for Australia in March. Pureprofile's international business continues to grow faster than the ANZ growth rate, and the company is focused on finishing the year strongly and implementing actions to add shareholder value.