Crowd Mobile December 2014 Trading Update

Crowd Mobile Ltd (ASX: CM8)

Source: ASX, Monday  16th February. December 2014 Trading Update.

Crowd Mobile Limited (Crowd Mobile or the Company), a global crowd-sourced micro job business, is pleased to provide shareholders with the following updates on the unaudited results of the trading entities (“Vendor companies or Crowd Mobile Operating Entities”) for the half year ending 31 December 2014 (HY15). The unaudited results included below reflect the trading operations of the Crowd Mobile businesses acquired by the Company on 13 January 2015.

HY15 marked another period growth for Crowd Mobile Operating Entities. This result was underpinned by continued geographic expansion and growth in revenue, gross profit, EBITDA and paid messages volume within the relevant operating entities.

Key highlights for the six months trading to 31 December 2014 include:

• Supply and agreements executed to launch services into Italy, Hungary, Portugal, Spain, Poland, and Norway;
• Messages volume up 30% to 2.2 million;
• Operating revenue up 20% to $5.6 million;
• Normalised EBITDA up 40% to $1.4 million, reflecting the leverage of high gross margins and sales growth over the fixed cost infrastructure; and
• Headcount (FTEs) increase from 10 to 20.

To read the full announcement please download the document below.