News and Announcements
Crowd Mobile Reports Record Quarterly Results; EBITDA Increased 515%
- Published April 13, 2016 12:41PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
13th April 2016, ASX Announcement
Highlights:
- Both revenue and earning before interest tax, tax, depreciation and amortisation (EBITDA) jumped to a record in the March quarter
- Revenue for the three months to end March increased 24% over the previous corresponding period (pcp) to $11.5 million and underlying EBITDA increased 515% over the pcp to $3.25 million
- EBITDA in latest quarter already exceeds Crowd Mobile’s half year Underlying EBITDA of $2.2 million
- Total billed messages from the Question & Answer (Q&A) division rose 59% to 2.3million over the pcp and 9% against the previous quarter – the ninth consecutive quarterly gain
- Q&A division growing strongly in all key metrics and growth is expected to be sustained with Crowd Mobile rapidly expanding into the professional services sectors
- The Company continues to generate free operating cashflow on a month-to-month basis in line with expectations
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