The latest update is out from Redbubble Ltd. ( (AU:ATG) ).
Articore Group has announced a significant organizational restructure, combining the operations of its marketplaces, Redbubble and TeePublic, under the leadership of Vivek Kumar. This change aims to increase efficiency and reduce costs, positioning the company to achieve positive cash flow for FY25. Additionally, Articore has launched Dashery, a new product allowing creators to establish their own storefronts, marking a strategic expansion beyond existing marketplaces. Despite these advancements, the company continues to face challenges with declining MPR, primarily affecting Redbubble.
More about Redbubble Ltd.
Articore Group, formerly known as Redbubble Limited, operates leading global online marketplaces Redbubble.com and TeePublic.com. These platforms allow independent artists to sell unique designs on a variety of products, including apparel, stationery, housewares, bags, and wall art, offering customers a means of self-expression.
YTD Price Performance: -30.59%
Average Trading Volume: 12,435
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $40.22M
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