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How Connexion Mobility Boosted Profit Despite Revenue Dip in Q2 FY26
12:02pm on Thursday 22nd of January, 2026 AEDT
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Technology
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How Connexion Mobility Boosted Profit Despite Revenue Dip in Q2 FY26
12:02pm on Thursday 22nd of January, 2026 AEDT
Key Points
Q2 revenue down 1% to $2.9 million, breaking a 12-quarter growth streak
Gross profit declined 12% due to labour reallocation from new features to existing ones
Net profit before tax rose 18% to $0.8 million, driven by reduced expenses
Marketplace subscriptions and dealership sales grew, though sales staff reduction may slow growth
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