News and Announcements
Crowd Mobile Quarter Trading Update September 2016
- Published October 27, 2016 11:46AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2016, ASX Announcement
Operational Highlights
- Executed partnership agreement with Viacom International Media Networks, the international division of Viacom Inc. (NASDAQ:VIAB and VIA)
- Executed China partnership agreement with SmartTrans Holdings Limited (ASX: SMA)
Financial Highlights
- Quarterly revenue of $10.6 million and underlying EBITDA of $2.2 million
- Completed debt re-financing with additional working capital availability
- Equity raisings totaling $3.0 million
- Maintained continued positive operating cash flow generation
- Commenced Convertible Note repayments in cash – Net Debt now $12.5 million
- Strengthened balance sheet with lower gearing and improved working capital ratios
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