Online marketplace, Redbubble (ASX:RBL), projects its operating expenditure for Financial Year 2024 (FY24) to lie in the range of A$92 million and A$100 million.

In addition to this, Redbubble expects the gross profit following its paid acquisition margin to fall between 23% and 26% in FY24.

The quarterly gross profit after a paid acquisition is A$26.5 million, reflecting a 14% hike compared to the Previous Corresponding Period (PCP).

Redbubble is on course to produce positive underlying cash flow for FY24.

However, the company anticipates trading conditions in key markets, most notably the U.S., to remain sluggish in the imminent future.

Redbubble is an e-commerce marketplace offering print-on-demand products based on user-submitted artwork.