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年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
在經歷了2022年和2023年的財務困難之後，Banxa優化了成本基礎，從而提高了24財年的毛利潤和調整後的息稅折舊攤銷前利潤。
由於廣泛的內部變動，如果重蹈2021年11月的2.5億美元總交易量，該企業可能會報告超過500萬美元的利潤，這是一個巨大的轉變。
22財年的總交易量（TTV）超過了14億美元，儘管在23財年有所下降，但23年12月的半年度TTV仍顯示出令人鼓舞的進展。
由於努力最大限度地提高運營效率，毛利同比增長39％。
從第二季度到第三季度，營業虧損大幅下降，這主要是由於圍繞TTV和毛利率百分比所做的努力。
該公司的淨虧損狀況受到資本成本下降的積極影響。
外匯波動影響了淨虧損狀況。
Business Progress:
業務進展：
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 正在通過專注於推動其產品的核心性能並擴展到錢包、Web3 遊戲和 NFT 領域來加強其業務基礎。
該公司已與Trust Wallet、Sui和Backpack Exchange建立了重要的合作伙伴關係，以擴大其影響力。
它持有多個本地市場的許可證，是第一家在英國金融行爲監管局註冊的加密企業。
到2024年底，Banxa的目標是在美國45個州開展業務，同時投資加拿大、歐洲和澳大利亞等核心市場。
他們進行了大量投資，以提高合規性並擴大團隊。
他們已經實施了支付協調平台以提高交易成功率，已經使新客戶卡轉化率提高了15-20％。
與MetaMask和Trust的合作伙伴關係佔交易量的30％至40％。
他們預計未來的盈利能力將從2024年1月開始，並正在努力降低資本成本。
正在制定增加股東價值、改善風險狀況、知名度和投資者興趣的戰略。
More details: ArrowMark Financial IR
更多詳情： ArrowMark 金融投資者關係
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。