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.
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