News and Announcements
Crowd Mobile June Quarter Trading Update; Record Revenue Month, Tenth Consecutive Quarter of Growth
- Published July 21, 2016 4:11PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
19th June 2016, ASX Announcement
Highlights for the June Quarter
- Tenth consecutive quarter of growth in total billed messages from the Question & Answer (“Q&A”) division with a 12% increase over the previous quarter to 2.6 million messages.
- Q&A division growing strongly in all key metrics with Jun-16 a record revenue month and further opportunities for growth in FY17.
- Net Debt at 30 June 2016 of $14.8 million, a reduction of $3.7 million since December.
- Unfavourable exchange rates impact on results with quarterly revenue increasing slightly over the previous quarter to $11.54m from $11.46m and underlying EBITDA down 90% to $2.93m.
- Payment of second Track Vendor Earn Out of EUR2.5 million ($3.7million)
- Continued strong generation of operating cash flows on a month-to-month basis in line with expectations
- Commercial launch of the Company’s most successful Mobile App to date ranked #1 in its category across numerous countries.
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3, Crowd Mobile, “the Company”) is pleased to report its unaudited quarterly results for the three months to 30 June, 2016, as its Q&A business continues to gain momentum and revenues continue to grow despite a number of headwinds.
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