The Newswire

Your daily serving of financial goodness

Crowd Mobile Ltd Releases Record Results; Up Over 4% upon Open

Crowd Mobile Ltd Releases Record Results; Up Over 4% upon Open
Jan 18, 2016 By Simon Herrmann Tags: CM8

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. 

Share this article

Simon Herrmann Author: Simon Herrmann Jan 18, 2016

Simon is a financial analyst at independent research firm Wise-owl specialised in small-mid cap growth opportunities and ethical investment opportunities. Simon's aim is to disrupt the cliché approach to investment decision making as he believes that socially and environmentally responsible behaviour is a necessity to long-term wealth creation. Simon has a deep fundamental understanding of the global financial landscape and has compiled 300+ research reports, valuations and corporate appraisals. Simon is commonly featured in major media outlets and his research is published weekly in The Australian.

Northern Cobalt banks on lasting cobalt boom

Northern Cobalt Limited (ASX:N27) is the latest cobalt exploration company to list on the ASX. Seeking to raise up to $6 million, should investors consider this junior explorer?

Author: Simon Herrmann Aug 07, 2017

Errors

Sign Up for Free Trial
Subscribe
Recent Tweets
Recent News