TORONTO, May 21, 2024 /CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX:BNXAF) (FSE: AC00) ("Banxa'' or the "Company") is pleased to report the third quarter fiscal year 2024 ended March 31st, 2024 ("Q3") unaudited financial results and provides updated FY24 financial guidance. The full results including Management Discussion & Analysis ("MD&A") are available on SEDAR. Q3 FINANCIAL HIGHLIGHTS(Figures are in AUD and all comparisons are relative to the three-month period ended March 31st, 2023, unless otherwise stated) 61% increase in Total Transaction Volume ("TTV") to $269 million (USD $180 million), up from $167 million (USD $112 million), driven by product innovation, organic growth with partners and addition of new partners, such as Trust Wallet 56% increase in Gross Profit to $8.2 million (USD $5.5 million), up from $5.2 million (USD $3.5 million), due to growth in TTV and Net Take Rate 76% increase in core operations' Gross Profit, excludes integration revenue*, to $7.9 million (USD $5.3 million), up from $5.5 million (USD $3.7 million) Increase in Net Take Rate ("NTR") to 3.0%, up from 2.7%, due to improved efficiency in processing transactions and enhanced pricing 361% increase in Adjusted EBITDA to $1.3 million (USD $0.9 million), up from ($0.5 million) (USD ($0.3 million)), due to improved TTV and NTR, reduced operating expenses, specifically staffing and legal & compliance costs 187% increase in core operations' Adjusted EBITDA, excludes integration revenue*, to $1.0 million (USD $0.7 million), up from ($1.2 million) (USD ($0.8 million)) Net loss per share on a basic and diluted basis to $0.01 (USD $0.0), compared to $0.01 (USD $0.0) Cash, Trade Receivables** and Crypto Inventories at $14.7 million (USD $9.8 million), up from $12.9 million (USD $8.6 million) as of December 31st, 2023 *Integration revenue consists of coin and chain listings and does not have any costs attributed ...