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Crowd Mobile FY15 Company Update
- Published January 29, 2015 3:24PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Crowd Mobile is a profitable global mobile entertainment and mobile focused cloud mini job company. The Company has recently raised $4.5 million in total funding and listed on the ASX via a reverse takeover on the 23rd of January. Below are some recent highlights for the company:
- Generated EBITDA of $2.2 million in FY14 from $9.8 million revenue.
- Listed on a multiple of 7x EBITDA.
- Crowd Mobile launched services into more than 10 European countries last year and setup an office in Hungary for further EU expansion.
- Shortly after listing the company announced it had just purchased a Hong Kong-based start-up called Kiss Hugs, its first move into the Asian market.
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ABOUT CROWD MOBILE
- Crowd Mobile is a profitable global mobile entertainment and mobile focused cloud mini job company.
- Q Limited (ASX: QXQ), has signed a binding term sheet to acquire the 100% of the Crowd Mobile Australia Pty Ltd group of companies.
- Crowd Mobile Financials in FY14 were $9.7m revenue and $2.2m EBITDA (unaudited management accounts).
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