News and Announcements
Crowd Mobile Annual Update 2016; $3M Equity Capital Raise & 192% Increase in Net Revenue
- Published January 31, 2017 5:04PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The 2016 financial year was Crowd Mobile’s first full year as an ASX Listed business, for Crowd Mobile it was a year of accomplishment and expansion.
- 192% increase in net revenue prior to the year before $37.9 million.
- Major growth in revenue from the newly generated mobile subscription which contributed to $17.2 million for the last eight months of the financial year.
- The original Q & A division grew to $20.7 million during 2016 (up 61.7% from $12.8 million in 2015 FY)
- $3 million equity capital raise.
Company Updates
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