Pureprofile ltd (ASX: PPL) has unveiled its impressive financial performance for 2023, achieving a record AU$43.7 million in revenue from its continuing business units, marking a substantial 23% growth compared to the previous year. The company served 791 clients in various projects throughout the fiscal year, a significant increase from the 721 clients in the previous corresponding period (pcp). Notably, Pureprofile achieved remarkable progress with a 42% growth in EBITDA (excluding significant items) within its continuing business segments.
The platform revenue also surged by 38% on a year-on-year basis, driven by increased recruitment of panellists through Audience Builder partnerships. The company bolstered its financial position with a reported cash balance of AU$4.7 million, up from AU$4.1 million as of December 31, 2022. Pureprofile strategically closed its unprofitable Pure.amplify Media business unit. The company's investments in a new commercial team facilitated a remarkable 35% revenue growth, evident in the opening of an Indonesian sales office and acquisition of a prominent new US client that is now among its top 5 global clients.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
