“The revenue growth acceleration in April was underpinned by further growth in repeat customer revenue and an acceleration in growth in active customers.
“Cettire is rapidly growing share.”
Mr Mintz said the group’s financial strategy, which remains unchanged, was to maximise profitable revenue growth, while being self-funding.
The company, which sells Gucci bags, Dolce & Gabbana jeans and Jimmy Choo shoes, generates most sales from the US, followed by Australia and the UK. Cettire also has a logistics presence in 50 emerging markets. It does not own any inventory but acts as a drop shipper.
Cettire sales reached $141.3 million, up 122 per cent, over the four months to April 30 against the previous corresponding period.
Adjusted earnings before interest, tax, depreciation and amortisation – excluding expenses associated with its float, share-based payments, unrealised currency movements and derivative movements – was at least $7 million, on a delivered margin greater than 20 per cent.
Cettire wound back marketing investment to a high single-digit percentage of sales revenue.
The company’s cash balance was about $39 million at April 30, reflecting the settlement of trade payables from the seasonally larger December quarter. In the December half, payables ballooned to $40 million, up from $25 million at June 30, 2022.
Earlier this year Cettire delayed its move into mainland China and the beauty segment to focus on its profitable core markets.