News and Announcements
Big Un Ltd Accelerating Growth and Set for Positive Cash Flow in March
- Published March 31, 2016 4:08PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st March 2016, ASX Announcement
Highlights:
- Revenue growth has accelerated in the current quarter and cash receipts for the three months ended 31 March 2016 is expected to exceed $1.1m – an increase of approximately 70% on the prior quarter
- Cash flow positive is expected to be achieved for the first time in the month of March 2016, significantly ahead of pre-existing expectations
- Key drivers of growth include ongoing membership pipeline conversion and significant Enterprise partnerships
Big Un Limited (ASX:BIG, ‘BRTV’ or ‘the Company’) is pleased to provide an update on trading performance for the current quarter.
The Company has experienced accelerating growth into the current quarter, with total cash revenues for the three months ended 31 March 2016 expected to exceed $1.1 million. This represents an increase of approximately 70% on the prior quarter ended 31 December 2015 and a 1,150% increase on the corresponding March 2015 quarter.
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