H1 2018 Financial Results (Unaudited)
- Revenue of $21.1 million
- EBITDA of $2.2 million
- Underlying EBITDA of $2.8 million
- Invested $1.5 million in establishing Crowd Media
- Operational Cashflow (includes tax and interest) up 75% to $2.7 million
- Achieved NPATA of $2.5 million (excluding $1.5 million Crowd Media investment)
- NPAT loss of ($0.7) million
- Net Debt down 43% to $1.6 million
H1 2018 Divisional Highlights
- Q&A Division: Achieved H1 2018 revenue of $12.6 million
- Subscription Division: Achieved H1 2018 revenue of $8.4 million
- Crowd Media sales pipeline in excess of $1.0 million
- Number of telco mobile payment partners increased from 212 to 248
- Appointed Michel de Jong as new Chief Operating Officer
H2 2018 Outlook
- Revenue, EBITDA, NPAT and Operating Cashflow in H2 2018 are projected to be in line with H1 2018
- FY18 is expected to be outperformed by FY17 due to the strategic investment into Crowd Media and headwinds within Subscription Division
- Crowd Media expects to strengthen results beyond FY18
Friday 9th February 2018 – Global mobile entertainment and digital media company Crowd Mobile Limited (ASX:CM8 & FWB:CM3) (“Crowd Mobile” or “the Company”) reports its financial and operational performance for the first half of the 2018 financial year, marked by a strong performance in the Q&A division and strategic investment into the Crowd Media division.
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