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Company News Summary

Redbubble Provides Trading Update for Quarter Ending 30 September 2021

14 Oct 2021  |  08:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading Update

Redbubble provided a trading update relating to the first quarter (1Q) ended 30 September 2021. 1Q FY 2022 results came in line with expectations, with the business continuing to retain the majority of the accelerated revenue growth that occurred during FY 2021. The Company also saw improving performance from July to September and reiterates the FY 2022 outlook statements provided in August 2021. The Operating cash inflow is of $11m, compared to $27m in 1Q FY 2021. The targeted investments will continue to be made and will affect Gross Margin, Marketing and OPEX lines.

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