March quarter sales revenue passes $10m milestone – Novatti
The March quarter again saw Novatti deliver against its key objective for this financial year – topline revenue growth. This included:
- $10.4m in quarterly sales revenue including ATX
- Excluding ATX – 65% YoY growth in quarterly sales revenue to $6.8m – new record
- Excluding ATX – 73% YoY growth in quarterly processing revenue to $5.3m – new record
These results highlight how Novatti is achieving scale from the substantial investment in its global operating base and ecosystem, particularly over the past few quarters. Delivering on this investment in growth, Novatti’s more mature Processing and ATX businesses achieved positive cash flow for the quarter. These were significant milestones that showcase the cash flow capabilities our newer businesses can also achieve as we scale up the Novatti ecosystem.
We continue to see growing macro-level demand for our services. The global push to digital payments continues to accelerate post COVID and, having established our global payments ecosystem and operating base, we are in a strong position to grow with this demand.
Going forward, Novatti will continue to drive topline revenue growth while seeking increasing returns from our recent investment in growth.
At 12.15pm (AEST) today, I will be hosting an investor briefing to discuss our results in greater detail. You can register here to receive a joining link for the briefing. – Peter Cook.
View the full quarterly report here.
