Crowd Mobile Revenue Up 153%; Full Results and Webinar

29th February 2016, ASX Announcement

Highlights:

• Company reports significant increase in all key financial metrics
• Half year revenue increased 153% as underlying (EBITDA) jumped 89%
• Positive Operating Cash flow up 1500% to $3.2 million
• Strong growth in the underlying business is due to growing popularity of question & answer (Q&A) products and expansion into new markets
• Contribution from recent Track acquisition has contributed positively to revenue, earnings and cash flow
• Integration of Track is progression well following acquisition on 31 October 2015
• Management expects growth momentum to continue into FY2017 due to growing popularity of Q&A products and strong earnings contribution from Track

Crowd Mobile Limited (Crowd Mobile or the Company), which completed its reverse takeover of Q Limited on 13 January 2015, has today released Appendix 4D and Half-Year Report for the six months ended 31 December 2015 (HY Report).

The results for the latest half-year period reflect those of Crowd Mobile and its subsidiaries (as a public company), whilst the prior comparative period results reflect the performance of Crowd Mobile when it was run as a private entity.

Crowd Mobile will hold an investor webinar and teleconference to outline highlights of the FY16 First Half Result and to provide an update on the Company’s recently announce South American expansion plans on Wednesday 2nd March at 12.3pm (AEDT).

To join the webinar,  please register at:
www.attendee.gotowebinar.com/register/2059164649909103363

To read more about the webinar, please click here.

To read the full announcement, please click here.  

To read the Half-year report, please click here. 

To view the results Presentation, please click here.