Banxa Holdings Forecasts Strong FY24 Growth
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Banxa Holdings Forecasts Strong FY24 Growth

Banxa Holdings, Inc. (TSE:BNXA) has released an update.

Banxa Holdings Inc. has reported achieving positive adjusted EBITDA for January 2024 and forecasts a gross profit between AUD$26.5 million to AUD$27.5 million for fiscal year 2024, indicating a 31% increase from the previous year. The company’s adjusted EBITDA is expected to rise by 96% to between AUD$0.8 million loss and AUD$0.2 million gain. These milestones reflect the company’s strategic focus on scaling and building for the embedded crypto future, with the leadership expressing confidence in Banxa’s sustainable growth trajectory.

For further insights into TSE:BNXA stock, check out TipRanks’ Stock Analysis page.

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