Mobile services provider Crowd Mobile Ltd (ASX:CM8) has just announced a multitude of record results arising from a strong performance organically and an increase in its global footprint.
Crowd Mobile recorded revenues of $4.1 million for the month of December 2015, up 2.5% from November 2015. Moreover, they also recorded EBITDA (Earnings before interest, tax, depreciation and amortisation) of $1.3 million in December 2015, up 18% from November 2015.
According to Crowd Mobile, the positive results for November and December leaves them on track to achieving an annualized revenue of $48.5 million, along with an EBITDA of, excluding share based payments, of $14.5 million.
Along with achieving improved revenue and EBITDA results for the month of December, Crowd Mobile also achieved a billed message volume of 2.12 million messages for Q2 2016, up 74% when compared to the corresponding quarter last year, and 7% higher to the previous quarter.
Moreover, Crowd Mobile has also secured an additional €3 million ($AUD 4.6 million) from its European debt provider. This facility is for 3 years and is revolving in nature, providing a flexible funding base, so the business can continue to grow.
Crowd Mobile CEO Domenic Carosa commented positively on their performance: “From an organic perspective, we have delivered another record quarter for the company, maintaining our impressive billed messages growth rate. We now have over 1,000 experts answering questions in over 30 languages, and our platform remains scalable for additional apps and mobile content.”
Recently, Crowd Mobile had announced that it has executed agreements into Asia, as part of its ‘Global Expansion Strategy’. It aims to expand into growing smartphone user markets, such as India, Philippine’s, Thailand and Indonesia.
Investors have reacted quite positively to the announcement, where CM8 shares have gained over 4% upon opening, to $0.24. Crowd Mobile has performed quite well over the past year, garnering investors an approximate 33% return.
Author: Simon Herrmann
Jan 18, 2016
Simon is a financial analyst at independent research firm Wise-owl who wants to change the world by disrupting the cliché approach to investment decision making with convergent thinking. Wise-owl’s goal is plain and simple: Find the best opportunities for our members by following a proven methodology and to create long-term value through high-quality advice, innovation, technology and education. We combine industry experience and the agile mentality of a start-up. Wise-owl is the future of stock market investing.