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Quarterly results spotlight: Rent.com.au (ASX: RNT)

Rent.com.au (ASX: RNT)

Revenue: rose 8% to $795k

Core EBITDA: $62k (6th consecutive positive quarter)

RentPay efforts accelerating, new agent onboarding to commence this quarter.

$1.6m cash on hand at the end of the quarter, prior to raising $2.5m (before costs) in January

Rent.com.au CEO Mr Greg Bader said ‘Strong performance for what is typically our quietest quarter of the year, to achieve 8% YoY revenue growth is pleasing given the sudden Omicron surges that impacted people’s ability (and desire) to move in our largest cities’.

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