Artwork marketplace platform, Redbubble (ASX:RBL), anticipates sluggish trading conditions to continue in its major markets, particularly in the United States, in the near term.

The company has future plans, predicting its financial year 2024 gross profit after paid acquisition as a percentage of revenue to range between 23% and 26%.

Redbubble is expecting to realize the full benefits of cost-saving measures that were implemented in the financial year 2023, in the next financial year.

The company’s anticipated operating expenditure for the financial year 2024 lies between A$92 million and A$100 million.

In an effort to enhance financial stability, Redbubble aims to achieve a positive underlying cash flow for the financial year 2024.

Redbubble is an artwork marketplace that enables independent artists to sell their artwork.