News and Announcements
iSentric June 2016 Quarter: Cash Receipts Increased 120%, Product Offerings Expanding, 2.43 Million New Paying Users
- Published July 28, 2016 2:30PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
28th July 2016, ASX Announcement
Highlights:
- Cash receipts for the June 2016 quarter increased 120% over the previous corresponding period to $3.35 million
- Management is continuing to expand product offerings in Indonesia, Thailand and Myanmar
- Successfully acquired 2.43 million new paying users during the quarter in the Digital and Media Services segment, which is ahead of the 1.5 million per quarter forecast
Cash receipts of $3.35 million for the June quarter represented the strongest quarter for the year. During the quarter the Group received a large contribution from a Malaysian telecommunications business, resulting in an 8-0% increase in recipets compared to the March 2016 quarter and 120% increase compared to the June 2015 quarter.
The operation in Thailand made a small contribution to cash receipts, while the Myanmar operation will not begin contributing to cash until the second quarter of FY2017.
To view the full announcement, please click on the button below.
To view the full results, please click on the button below.