Serko reports 87% income increase, improves guidance

Serko Limited has announced its unaudited financial results for the six-month period ending September 30, 2023.

The company reported a total income of $36.3 million, an increase of 87%, with online bookings reaching 2.5 million, up 26%.

Completed room nights on Booking.com for Business also saw significant growth, reaching 1.3 million, a 192% increase.

The company reported an EBITDAF loss of $0.8 million, a 96% improvement, and a net loss after tax of $7.2 million, a 64% improvement.

The average monthly cash burn improved by 84%.

Serko has also increased its FY24 guidance for total income to $67 million to $74 million.

The company will discuss the results on a conference call and has provided contact information for participation.

The documents containing additional information are available on the company's website.