MENU

Investor exodus as Redbubble Ltd release quarterly cash flow report

Shares in global online marketplace Redbubble Ltd (ASX: RBL) are down a 5.2% to $1.63 at the time of writing after the release of its cash flow report for the quarter ended March 31, 2018.

While Redbubble reported an operating cash EBITDA loss of $500,000, the figure has improved by 75.9%, with revenue up 28.3% to $141.2 million and gross profit up 24.8% to $48.5 million.

But the company forked out a fair bit of cash over its higher seasonal cash outflows period, with operating expenses up 13.7%.

Rebubble reports its marketplace remains “healthy and vibrant” with top line growth driven by visitor number increases from mobile devices in particular and strong contribution from European markets.

Redbubble has reaffirmed a “high degree” of confidence for the final quarter with gross profit margins expected to lift the full year margin by around 35% and operating EBITDA for the FY18 expected to show significant improvement from FY17.

Investors seeking fast-growing e-commerce stocks may have turned their attention to the likes of online travel agency Webjet Limited (ASX: WEB) – up 2% to $10.93 at the time of writing – or retailer Kogan.com Ltd (ASX: KGN) whose shares are up 1.7% to $7.73.

Japanese Billionaire's Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of REDBUBBLE FPO. The Motley Fool Australia has recommended Kogan.com ltd and Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.