Felix (ASX:FLX) Reports Strong H1 FY25 Financial Performance
Financial Performance
Felix reported a 29% increase in Contractor ARR to $6.4 million and Group ARR rose by 22% to $8.3 million in H1 FY25. Contractor MRR also grew by 22% year-on-year to $521k, with a net revenue retention rate of 102%. The company achieved positive operating cashflow, improving by $1.7 million to $0.5 million.
Growth Highlights
The company secured 10 new Contractors and signed 10 expansion deals in H1 FY25, particularly gaining traction in the mining and resources sector. Vendor numbers in its marketplace grew by 27% to 115k. Felix maintained a strong gross margin of 76% and demonstrated significant operating leverage with a 34% improvement in Contractor gross profit.
Future Outlook
Felix continues to focus on driving Contractor ARR growth, expanding internationally, and monetising its Vendor Marketplace. The company plans to enhance its platform with new functionalities and pursue further international expansion.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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