Core Insights - RedCloud Holdings plc reported a significant increase in key financial metrics for FY 2024, with revenue growing by 135% year-over-year to $46.5 million and total transaction value (TTV) increasing by 111% to $2.5 billion [1][2][8] Financial Highlights - FY 2024 Total Transaction Value (TTV) reached $2.5 billion, marking a 111% increase [1] - FY 2024 Revenue rose to $46.5 million, reflecting a 135% growth [1] - Average 'Transaction Based Revenue' improved to 1.9%, up from 1.7% [1] Business Highlights - The platform facilitated the trading of 184,731 products from 6,765 brands, showcasing extensive coverage across key FMCG categories [2] - 33,786 retailers engaged in purchasing essential food and supplies, particularly in densely populated urban areas [3] - The number of trading Brand & Distributor customers surged by 175% year-over-year, totaling 760 customers [4] Product and R&D Highlights - AI Labs are utilizing machine learning to analyze trading data, providing actionable recommendations for pricing and inventory management [5] - Introduction of Agentic AI virtual trader technology for bulk inventory transactions via a conversational interface [6] - Retail Opportunity Maps and Category Price Benchmarking tools are being developed to enhance market insights and pricing strategies [7] Management Commentary - The CEO expressed satisfaction with the company's performance post-Nasdaq listing, highlighting strong growth in trading volume, TTV, and revenue, alongside the introduction of new AI features [8]
RedCloud Reports Full Year 2024 Results