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NICOSIA, Cyprus, April 30, 2024 /PRNewswire/ — ISX Financial EU PLC (“ISXPlc”), is pleased to present its earnings for the first quarter of 2024. Building on a record fourth quarter of 23, ISXPlc is pleased to have achieved another record quarter, marking a continuation of its upward trajectory and solidifying its position as a leader in both the banktech and payments sectors.
Solid Growth: The numbers speak volumes about ISXPlc’s performance. ISXPlc’s revenue soared to €13.4 million, an extraordinary 85% year-on-year increase.
Financial strength: Maintaining a solid financial foundation is crucial to long-term success. With an EBITDA margin of 55%, ISXPlc demonstrates resilience and stability in the market.
Focus on Innovation: Innovation is at the core of everything ISXPlc does. ISXPlc’s commitment to staying ahead is reflected in its investment of €0.6 million in Research and Development during the first quarter. These investments drive the development of customer-centric solutions and position ISXPlc as a pioneer in technological advancements within the industry.
ISX Financial EU Plc, Chief Financial Officer, 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 customers and stakeholders while driving innovation in the financial sector. “.
Future Prospects: As ISXPlc looks to the future, its sights are set on even greater achievements. In 2024, ISXPlc aims to exceed €45 million in revenue while maintaining a solid EBITDA/profitability margin within the range of 25-35%.
“We anticipate continued and stable growth throughout the year, as we aim for our annual revenue target of €45 million. ISXPlc is also in beta for some exciting new products, which will further drive revenue growth and customer acquisition” said ISX Financial EU Plc CEO Nikogiannis Karantzis, “Strong results in the first half of 2024 will support a possible listing event later in the year.”
You can view the full earnings of ISX Financial EU PLC in the first quarter of 2024 via the following link: https://www.isx.financial/hubfs/ISX An…
About ISX Financial EU PLC
ISX Financial EU PLC is a ‘banking technology’ company that leverages its own technology to provide financial services to merchants across the EEA and UK. The company’s combined infrastructure and payments stack provide a complete end-to-end payment processing, foreign exchange, remittance and transactional banking capability.
For media inquiries, please contact: media@isxfinancial.com; 35722015740
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