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Highlights:
- Moneyme shares gained over 27% around 12:51 PM AEST on the ASX today.
- The diversified financial firm shared its FY22 fourth quarter results today, showcasing a positive cash profit.
- Moneyme’s gross revenue has gone up more than 190% in Q4FY22, as compared to the previous corresponding period.
The ASX-listed diversified financial firm Moneyme Limited (ASX:MME) released the trading updates for Q4 FY22 and ended on 30 June 2022. Moneyme managed to deliver a positive cash profit in H2 FY22 as well, along with H1 FY22.
On the other hand, Moneyme’s shares outperformed ASX today. The company’s share price jumped by 27.205% and traded at AU$0.865 per share at 12:51 PM AEST on the ASX today (25 July).
Key highlights of Moneyme’s trading updates of Q4FY22:
For Moneyme, FY22 was a period of resilient revenue and receivables growth.
- The company’s gross revenue was over AU$$55 million in the given period, which increased by more than 190% compared to the previous corresponding period.
- Moneyme’s contracted revenue in Q4 FY22 was worth AU$398 million, up by 306% compared to the prior corresponding period.
- The company’s gross customer receivables gained by 366% from the previous corresponding period to AU$1.4 billion in Q4 FY22.
- Autopay managed to secure an asset finance balance of AU$0.5 billion, up by 7000% from the previous corresponding period.
In FY22, Moneyme’s revenue jumped to AU$138 million, up by 138% from the prior corresponding period. The strong revenue was driven by the company’s organic growth after including the revenue from SocietyOne over AU$15 million from the date of acquisition (15 March 2022).
Furthermore, the online consumer lending firm is expecting to deliver over AU$200 million of revenue in FY23.
Clayton Howes, Managing Director and CEO, Moneyme, believes that the company’s agility during challenging market conditions is what makes it a strong consumer lender. Moneyme’s innovation-driven business model gives it the edge to recalibrate quickly to support the delivery process of profitable returns.
Moneyme’s share price performance on the ASX:
In last 12 months, Moneyme’s share price declined by more than 61% on the ASX. Furthermore, on Y-T-D-basis, share price fell over 62% (as of 1:51 PM AEST on the ASX today, 25 July).
