Redbubble Ltd reported unaudited financial and operating performance for the fourth quarter and for the full year 2018

  • Jul 24, 2018 AEST
  • Team Kalkine
Redbubble Ltd reported unaudited financial and operating performance for the fourth quarter and for the full year 2018

Strong financial and operating performance for the fourth quarter and the full year to 30 June 2018: Redbubble Ltd.’s (ASX: RBL) stock witnessed a rise of 5.56% on July 24, 2018 after the company delivered revenue growth above 30% on a constant currency basis in FY 18. GTV grew 32.2% on a constant currency basis, which is in line with guidance. During the fourth quarter, the sales from unpaid channels increased 42.9% YoY, which led to a full year unpaid growth rate of 29.6%. The customer acquisition costs were 9.4% of revenue in the fourth quarter 2018, compared to 9.9% in 4Q2017. Moreover, for FY 18, the total cash outflow is $6.6 million compared to $14.2 million for FY17. The company’s closing cash balance at 30th June 2018 is $21.3 million. Additionally, for FY 19, RBL is expecting to deliver revenue growth rates at or above 30% on a constant currency basis and operating EBITDA is expected in the range of $2-4 million. Meanwhile, RBL stock has fallen 16.57% in three months as on July 23, 2018.

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