ISX Financial's Q4 Revenue Hits €10.5 Million: A 35% Growth

ISX Financial’s Q4 Revenue Hits €10.5 Million: A 35% Growth

Time Stamp: January 31, 2024 7:03 AM
ISX Financial's Q4 Revenue Hits €10.5 Million: A 35% Growth PlatoBlockchain Data Intelligence. Vertical Search. Ai.

ISX
Financial EU Plc (ISX Plc) has unveiled its fourth-quarter results for the
fiscal year 2023, marking a stride in its performance within the ‘Bank Tech’
sector. The company’s financial report reflects notable growth and
profitability, showcasing adaptability.

In
Q4 2023, ISXPlc reported revenues totaling €10,460,527, representing a
substantial year-on-year increase of 35%. This surge in revenue surpasses initial
expectations.

Nikogiannis Karantzis, Managing Director, ISX Financial, Source: Linkedin

The company’s gross profit for the quarter amounted to
€9,489,599, reflecting its ability to manage operational costs and drive
sustainable profitability. Moreover, ISXPlc recorded a profit before tax of
€3,074,627. Net income stood at €2,572,331. The growth momentum observed in the
quarter is further accentuated by a quarter-over-quarter expansion in
revenues of 39%.

Nikogiannis
Karantzis, the Managing Director, said: “I am thrilled with the results and
our growth profile, whilst maintaining profitability and margins. 2023 is
another profitable year for ISX, that sets the group up for a listing event on
a regulated market. As we celebrate these achievements, I invite our valued
clients, partners, and stakeholders to join us on this exciting journey ahead
as we prepare for listing.”

Creation of a New Holding Company

Earlier, Finance Magnates reported that ISX Financial EU Plc announced the creation of a new holding company, ISX Plc, which will seek admission to the list. This transition aligns with the company’s aspirations for an initial public offering or a direct listing of the holding entity, marking a significant shift in its corporate structure.

Shareholders of ISX Financial EU Plc will maintain their ownership stakes in ISX Plc in direct correlation to their existing holdings.

Commenting
on the reorganization, company spokespersons expressed their commitment to
navigating the regulatory landscape diligently. They acknowledged the
challenges posed by the approval process but remained steadfast in their
pursuit of regulatory compliance and transparency. The
decision to restructure underscores ISX Financial’s strategic vision. By
segregating its assets under a new holding company, the organization aims to
enhance clarity in its corporate structure and optimize its financial reporting
mechanisms.

ISX
Financial EU Plc (ISX Plc) has unveiled its fourth-quarter results for the
fiscal year 2023, marking a stride in its performance within the ‘Bank Tech’
sector. The company’s financial report reflects notable growth and
profitability, showcasing adaptability.

In
Q4 2023, ISXPlc reported revenues totaling €10,460,527, representing a
substantial year-on-year increase of 35%. This surge in revenue surpasses initial
expectations.

Nikogiannis Karantzis, Managing Director, ISX Financial, Source: Linkedin

The company’s gross profit for the quarter amounted to
€9,489,599, reflecting its ability to manage operational costs and drive
sustainable profitability. Moreover, ISXPlc recorded a profit before tax of
€3,074,627. Net income stood at €2,572,331. The growth momentum observed in the
quarter is further accentuated by a quarter-over-quarter expansion in
revenues of 39%.

Nikogiannis
Karantzis, the Managing Director, said: “I am thrilled with the results and
our growth profile, whilst maintaining profitability and margins. 2023 is
another profitable year for ISX, that sets the group up for a listing event on
a regulated market. As we celebrate these achievements, I invite our valued
clients, partners, and stakeholders to join us on this exciting journey ahead
as we prepare for listing.”

Creation of a New Holding Company

Earlier, Finance Magnates reported that ISX Financial EU Plc announced the creation of a new holding company, ISX Plc, which will seek admission to the list. This transition aligns with the company’s aspirations for an initial public offering or a direct listing of the holding entity, marking a significant shift in its corporate structure.

Shareholders of ISX Financial EU Plc will maintain their ownership stakes in ISX Plc in direct correlation to their existing holdings.

Commenting
on the reorganization, company spokespersons expressed their commitment to
navigating the regulatory landscape diligently. They acknowledged the
challenges posed by the approval process but remained steadfast in their
pursuit of regulatory compliance and transparency. The
decision to restructure underscores ISX Financial’s strategic vision. By
segregating its assets under a new holding company, the organization aims to
enhance clarity in its corporate structure and optimize its financial reporting
mechanisms.

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