In the first half of fiscal year 2023, Xamble Group Limited (ASX:XGL) reported a total revenue of $4.62 million (AU$5.31 million) with a gross profit of $1.99 million (AU$2.29 million). Despite a 20% decrease in overall group revenue compared to the previous year, the company's core businesses, including Nuffnang, Sashimi, Plata & Punta, remained EBITDA profitable. Notably, Q2 FY2023 showed a 5% increase in group revenue compared to Q1 FY2023.
The company's gross margins improved to 43% in H1 FY2023 from 41% in H1 FY2022. Xamble Live Commerce experienced an 84% revenue growth in H1 FY2023, attributed to the launch of new TikTok Shop services. The Xamble Creators platform registered 734 influencers and introduced a community feature, with a branded community phase in development. Xamble Social Wallet's influencer onboarding is set to start via a collaboration with Nuffnang. The company holds healthy liquidity, with $3.45 million in cash and equivalents as of June 30, 2023.
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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.
