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RAIZ Invest Ltd
Previous close
$0.40
Day range
$0.40 - $0.43
Year range
$0.30 - $0.54
Market cap
38.18M AUD
Avg Volume
37.04K
P/E ratio
-
Dividend yield
-
Primary exchange
ASX
Market news
Financials
Income Statement
Revenue
Net income
(AUD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 5.65M | 14.16% |
Operating expense | 4.85M | -10.19% |
Net income | -725.50K | 65.04% |
Net profit margin | -12.85 | 69.38% |
Earnings per share | — | — |
EBITDA | -228.00K | 84.78% |
Effective tax rate | -2.36% | — |
Balance Sheet
Total assets
Total liabilities
(AUD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 8.47M | -26.41% |
Total assets | 44.81M | -9.81% |
Total liabilities | 8.04M | 1.75% |
Total equity | 36.77M | — |
Shares outstanding | 93.45M | — |
Price to book | 0.96 | — |
Return on assets | -4.78% | — |
Return on capital | -5.63% | — |
Cash Flow
Net change in cash
(AUD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | -725.50K | 65.04% |
Cash from operations | 571.50K | 144.49% |
Cash from investing | -901.00K | 3.53% |
Cash from financing | 351.50K | 428.50% |
Net change in cash | 9.50K | 100.41% |
Free cash flow | -815.25K | 46.74% |
About
Raiz Invest Limited is an Australian financial technology company operating in Australia, Indonesia and Malaysia. It is listed on the Australian Securities Exchange. It allows Australian customers to micro-invest. the remaining round up of everyday purchases in exchange traded funds.
As of October 2021, the service has 419,552 monthly active users with $694.27 million funds under management. The total revenue during FY2020 was $10.3 million. Brendan Malone is Managing Director / CEO of the company.
The average user investment portfolio of Raiz Invest grew 11 per cent a year since start in February 2016.
70% of customers are aged between 18 and 35, and over 80% invest at least once a month into their account. The minimum investment to open an account is $5. Wikipedia
CEO
Founded
2016
Website
Employees
16