Jayride Group (ASX:JAY) stated that it is aimed to turn cash flow positive by the end of financial year 2024.

Highlighting its growing stability, the company reported a growth in net revenue in the first quarter of FY24, which showed an increase by 24% compared to the same period in the previous financial year.

Additionally, the group had boom in customer flow with passenger trips booked in this period showing a substantial rise of 50% compared to the first quarter in FY23.

Jayride Group is a global transport service provider connecting travellers with transport operators.