Earnings Call Summary | ArrowMark Financial(BNXAF.US) Q2 2024 Earnings Conference
Earnings Call Summary | ArrowMark Financial(BNXAF.US) Q2 2024 Earnings Conference
The following is a summary of the Banxa Holdings Inc. (BNXAF) Q2 2024 Earnings Call Transcript:
以下是Banxa Holdings Inc.（BNXAF）2024年第二季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
After financial difficulties in 2022 and 2023, Banxa has optimized its cost base leading to improved gross profit and adjusted EBITDA for FY '24.
A large turnaround was seen whereby the business could report a profit of over $5 million if repeating its November 2021 total transaction volume of $250 million due to extensive internal changes.
The total transaction volume (TTV) for FY '22 surpassed $1.4 billion, and despite a reduction in FY '23, the half-yearly TTV for December '23 showed promising progress.
Gross profit rose by 39% year-on-year as attempts were made to maximize operational efficiency.
Operating loss saw a significant reduction from Q2 to Q3, largely due to efforts around TTV and gross margin percentage.
The company's net loss position was positively influenced by a decrease in capital costs.
Fluctuations due to foreign exchange impacted the net loss position.
在经历了2022年和2023年的财务困难之后，Banxa优化了成本基础，从而提高了24财年的毛利润和调整后的息税折旧摊销前利润。
由于广泛的内部变动，如果重蹈2021年11月的2.5亿美元总交易量，该企业可能会报告超过500万美元的利润，这是一个巨大的转变。
22财年的总交易量（TTV）超过了14亿美元，尽管在23财年有所下降，但23年12月的半年度TTV仍显示出令人鼓舞的进展。
由于努力最大限度地提高运营效率，毛利同比增长39％。
从第二季度到第三季度，营业亏损大幅下降，这主要是由于围绕TTV和毛利率百分比所做的努力。
该公司的净亏损状况受到资本成本下降的积极影响。
外汇波动影响了净亏损状况。
Business Progress:
业务进展：
Banxa is strengthening its business foundation by focusing on driving the core performance of its product and expanding into the areas of wallets, Web3 gaming, and NFTs.
The company has forged key partnerships with Trust Wallet, Sui, and Backpack Exchange to widen its reach.
It holds licenses across multiple local markets and is the first crypto business to be registered with the U.K. Financial Conduct Authority.
By the end of 2024, Banxa aims to operate in 45 U.S. states while also investing in core markets like Canada, Europe, and Australia.
They have made substantial investments to improve compliance and expand the team.
They have implemented a payment orchestration platform to boost the success rate of transactions, already leading to a 15-20% increase in new customer card conversion.
Partnerships with MetaMask and Trust comprise 30% to 40% of transaction volumes.
They anticipate future profitability starting from January 2024, and are working towards reducing their cost of capital.
Strategies are underway to increase shareholder value, risk-profile improvements, visibility, and investor interest.
Banxa 正在通过专注于推动其产品的核心性能并扩展到钱包、Web3 游戏和 NFT 领域来加强其业务基础。
该公司已与Trust Wallet、Sui和Backpack Exchange建立了重要的合作伙伴关系，以扩大其影响力。
它持有多个本地市场的许可证，是第一家在英国金融行为监管局注册的加密企业。
到2024年底，Banxa的目标是在美国45个州开展业务，同时投资加拿大、欧洲和澳大利亚等核心市场。
他们进行了大量投资，以提高合规性并扩大团队。
他们已经实施了支付协调平台以提高交易成功率，已经使新客户卡转化率提高了15-20％。
与MetaMask和Trust的合作伙伴关系占交易量的30％至40％。
他们预计未来的盈利能力将从2024年1月开始，并正在努力降低资本成本。
正在制定增加股东价值、改善风险状况、知名度和投资者兴趣的战略。
More details: ArrowMark Financial IR
更多详情： ArrowMark 金融投资者关系
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。