News and Announcements
Crowd Mobile Trading Update – Record Results
- Published January 18, 2016 10:56AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
18th January 2016, ASX Announcement
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3) is pleased to provide a trading update to the market using the following, unaudited metrics:
- Revenue of $4.1 million for the month of December 2015 (Nov-15 $4.0 million)
- EBITDA* of $1.3 million for the month of December 2015 (Nov-15 $1.1 million)
- Billed message volume of 2.12 million messages for Q2 2016 – up 74% on PCP (Q2 2015: 1.22 million) and 7% higher on the previous quarter (Q1 2016: 1.98m)
- Debt Facilities increased by EUR3.0m (c%4.6m AUD) by existing European bank
*EBITDA (Earnings Before Interest, Tax, Depreciation & Amortisation
Commenting on these results, Crowd Mobile CEO Domenic Carosa said:
“Its has been an exciting quarter for Crowd Mobile with many important goals achieved following on from the Track Holdings acquisition, completed in Europe at the end of October 2015. We have expanded our app portfolio with the launch of 5 new apps whilst executing supply agreements to launch Crowd Mobile services into South America and more deeply into Asia. This strong performance combined with a significant increase in our global footprint will further ensure our revenues and profitability improve over the longer term.”
To view the full announcement, please click here.
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