Kogan.com Ltd. (AU:KGN) has released an update.
Kogan.com Ltd reports sustained profitability and a robust balance sheet in its 3Q FY24 update, highlighted by a 16% year-over-year growth in its Kogan FIRST loyalty program, now exceeding 472,000 subscribers. Despite a slight decline in gross sales and revenue, the company enjoyed a significant 13.8% increase in gross profit and an improved gross margin, thanks to a larger contribution from platform-based sales and better inventory profitability.
For further insights into AU:KGN stock, check out TipRanks’ Stock Analysis page.
