News and Announcements
BIG Experiences Strong Quarter Growth and New Empire Strategy to Continue to Drive Expansion
- Published April 20, 2016 1:38PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
20th April 2016, ASX Announcement
Highlights:
- Accelerated revenue growth with cash receipts for March 2016 quarter exceeding $1.18m – up over 80% on the prior quarter and 1,240% on the corresponding March 2015 quarter
- Cash flow positive was achieved for the first time in March 2016, significantly ahead of pre-existing expectations
- Company commenced the quarter with $2.2m at bank and ended the quarter with $1.7m
- Content viewership continues to rise, with over 2.9 million views achieved during the three-month period, increasing ability to attract further sponsorship and advertising opportunities
- Pipeline of over 15,000 members set to drive ongoing growth, along with new enterprise partnerships and overseas expansion, as demand for video content increases globally
Big Un Limited (ASX: BIG, ‘BRTV’ or ‘the Company’) is pleased to provide a review of its activities for the three-month period, ended 31 March 2016.
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