NICOSIA, Cyprus, April 30, 2024 /PRNewswire/ -- ISX Financial EU
PLC ("ISXPlc"), is pleased to present its earnings for Q1 2024.
Building on the back of a record Q4 23, ISXPlc is pleased to have
delivered yet another record breaking quarter, marking a
continuation of its upward trajectory and solidifying its position
as a leader in both 'banktech' and payment sectors.
Robust Growth: The numbers speak volumes about ISXPlc's
performance. ISXPlc's revenues soared to €13.4 million, marking an
extraordinary 85% year-over-year increase.
Financial Strength: Maintaining a solid financial
foundation is crucial for long-term success. With an EBITDA margin
of 55%, ISXPlc demonstrates resilience and stability in the
market.
Innovation Focus: Innovation is at the core of everything
ISXPlc does. The commitment by ISXPlc to staying ahead of the curve
is reflected in its investment of €0.6 million in Research and
Development during Q1. These investments fuel the development of
customer-centric solutions and position ISXPlc as a pioneer in
technological advancements within the industry.
ISX Financial EU Plc, CFO, Ajay
Treon, "This quarter's results are a testament to the
dedication and hard work of our team. We remain committed to
delivering value to our clients and stakeholders while driving
innovation in the financial sector."
Future Outlook: As ISXPlc looks towards the future, its
sights are set on even greater achievements. In 2024, ISXPlc aims
to surpass €45 million in revenue while maintaining a robust
EBITDA/profitability margin within the 25-35% range.
"We anticipate continued, stable growth across the year, as we
aim towards our €45m annual revenue target. ISXPlc is also in beta
release for some exciting new products, that will further drive
revenue growth and customer acquisition." said ISX Financial EU Plc
CEO, Nikogiannis Karantzis, "Strong results in 1H2024 will underpin
a possible listing event later during the year."
You can view the full ISX Financial EU PLC Q1 2024 earnings
through the link below:
https://www.isx.financial/hubfs/ISX%20Announcements/2024/ISX%2024Q1%20Earnings.pdf
About ISX Financial EU PLC
ISX Financial EU PLC is a 'banktech' company that leverages
its own technology to provide financial services to
merchants across the EEA & UK. The company's combined
payments stack and infrastructure provides a complete
end-to-end transactional banking, FX, remittance, and
payment processing capability.
For Media Enquiries, please
contact: media@isxfinancial.com; +35722015740
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