Crowdworks 9-month revenue climbs 28%, profits rally
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CrowdWorks Inc. (3900:TYO), a Tokyo-based firm that provides crowdsourcing services, a platform for ‘side hustles’ and IT staffing, reported revenue of JPY 12.40 billion (USD 83.4 million), up 28.1% when compared to the same period a year ago.
(JPY millions) | 9 months 2024 | 9 months 2023 | Change | 9 months 2024 (USD million) |
Revenue | 12,409 | 9,690 | 28.1% | 83.4 |
Gross profit | 5,693 | 2,911 | 25.6% | 38.2 |
Gross margin | 45.8% | 30.0% | - | - |
Operating profit | 1,070 | 820 | 30.4% | 7.2 |
EBITDA | 1,341 | 1,010 | 32.7% | 9.0 |
Net profit | 705 | 597 | 18.2% | 4.7 |
In September 2023, the group announced the acquisition of Yu-Cre, a Japanese firm involved in permanent staffing and human resources.
In the matching business, the group saw a year-on-year increase of 25.9%. In the Software as a Service business, revenue increased by 80.0%.
Looking ahead, the company forecasted revenue of JPY 15.86 billion (USD 106.6 million) for the year ended 30 September 2024.
CrowdWorks shares closed today at JPY 939.00 (USD 6.31), down 4.28% on the day and 9.06% above its 52-week low of JPY 861.00 (USD 5.79), set on 31 May 2024. The company has a market cap of JPY 15.44 billion (USD 103.7 million).