News and Announcements
Crowd Mobile Reports Record Fourth Quarter with $11.6m in Revenue & $3.3 EBITDA
- Published July 18, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Crowd Mobile Limited (ASX: CM8) has recently announced the Fourth Quarter results for the three months ended 30 June 2017. Record quarterly revenue has supported the company’s strong FY17 performance.
KEY TAKEAWAYS:
- Revenue of $11.6 million
- Underlying EBITDA of $3.3 million
- Strong Positive Underlying Operating cash flow of $2.2 million
- Net Debt of $2.7 million
Crowd Mobile’s Chief Executive Officer, Domenic Carosa: “Crowd Mobile is delighted to finish a successful 2017 financial year with a record fourth quarter. Over the quarter our Revenue at $11.6 million, Underlying EBITDA of $3.3 million and Underlying Operating Cash Flow have grown strongly from the prior quarter.
Over the year our Q&A business has enjoyed another stellar year, growing 58% in message volumes from the prior year, which continues a very consistent cumulative growth rate since going public. Crowd Mobile’s Net Debt has been reduced by more than 80% in FY17 and the Company is committed to transitioning to a net cash position in FY18.
Crowd Mobile will continue to focus on organically growing its core businesses while creating new revenue streams from our Digital Influencer business (Crowd Media) and we look forward to updating shareholders with material developments as they occur.”
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