Camplify Holdings Ltd. (AU:CHL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Camplify Holdings Ltd. reported a strong financial year in FY24, with revenue increasing by 24.9% to $47.8 million and total bookings up by 9.0%. Despite global inflationary pressures reducing gross profit margins from 67.5% to 62.3%, the company’s RV platform expanded by 15.4% and paid memberships rose, reflecting a steady climb towards their 3-5 year goal of 20,000 paid members.
For further insights into AU:CHL stock, check out TipRanks’ Stock Analysis page.