Xref

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We are pleased to announce that for the fiscal year ended 30 June 2023, Xref Ltd experienced a 10% increase in revenues, totaling A$20.4M. Despite a net loss of A$3.4M, primarily driven by an increase in employee expenses and share-based payments, our Candidate referencing segment saw a 3% revenue growth to A$16M, with notable increases in both the Australian (10% to A$15.7M) and United States (19% to A$1.1M) segments.

Xref continues to focus on revolutionizing the HR and recruitment technology sector with our innovative services. Our candidate referencing platform offers quick and reliable feedback to assist in decision-making processes, and our ID verification segment provides cutting-edge solutions to reduce identity fraud risks. Additionally, our Engagement surveys offer valuable insights for organizations looking to enhance their employee experience.

We are dedicated to driving value for our stakeholders and remain committed to delivering excellence in our products and services. We invite investors to reach out with any questions they may have regarding this announcement or our future plans. Thank you for your continued support and interest in Xref Ltd.

We are pleased to announce the release of our latest financial report for the fiscal year ended June 30, 2023. Xref Ltd has shown a 10% increase in revenues, reaching A$20.4M. However, we did incur a net loss of A$3.4M as we invested in our employee base and experienced an increase in share-based payments.

Our candidate referencing segment continues to be the core driver of revenue growth, with a 3% increase to A$16M. We have also seen positive growth in our Australian and United States segments. While our employee expenses saw a 35% increase, we believe that investing in our team is crucial for our long-term success.

Looking ahead, Xref remains dedicated to providing innovative HR and recruitment technology solutions to our clients. We are confident in the strength of our platforms, including our candidate referencing and ID verification services, and are committed to driving value for both our customers and shareholders.

We encourage investors to review the full financial report for a comprehensive understanding of our performance and future plans. Should you have any questions or require further information, please do not hesitate to reach out to our Investor Relations team.

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