Company Name: Adveritas
Announcement Date: 27/04/2017
Announcement Category:
Announcement Content:
QUARTERLY ACTIVITIES REPORT: PERIOD ENDED 31 MARCH 2017
HIGHLIGHTS
March quarter revenue up 85% on December quarter to reach a record $14.4 million. This represents a 43% increase on Tech Mpire’s previous highest quarterly revenue of $10.1 million achieved in the December 2015.
Revenue growth is a result of Tech Mpire’s ongoing technology and operational initiatives to improve customer servicing, quality of campaign results, and utilisation of supply.
The Company bolstered its board in the quarter by appointing ex-Google executive Lee Hunter and investment market expert Mathew Ratty as non-executive directors.
Cumulative revenue in the first three quarters of the year has reached $29.6 million, approximately 92% of FY16 full year revenue of $32.1 million.
With cash at $4.28 million (as at 31 March 2017), and an increased debtor factoring facility of USD$4.0 million, the Company is positioned well to continue investing in its four pillar technology-first strategy.
Click the link for the full announcement.
Announcement URL: http://bit.ly/Quarterly-Activities-Report
About Adveritas:
Adveritas Limited (ASX:AV1) creates innovative software solutions that leverage big data to drive business performance.
Go to Company Profile for: Adveritas
Announcement Contact: [email protected]
