Jayride Group Ltd. (AU:JAY) has released an update.
Jayride Group Limited reported positive Q3 FY24 results, revealing growth in passenger trips, net revenues, contribution profits, and cash receipts. Building on a strategic review, the company has successfully implemented cost reductions and a new pricing model, leading to improved financial metrics. With a keen eye on achieving cash flow positivity, Jayride anticipates further gains in the upcoming peak Northern Hemisphere summer season.
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