Cloud technology business, MOQ Ltd
(ASX:MOQ), has released its preliminary full-year results for the last financial year.
The company posted a net loss of around $528,000 – which is a 97% improvement over the 2015 FY result – when they lost $17.3 million.
Also, the company’s revenue was up 989% to almost $34 million.
The company says its focus in FY16 was on consolidating, integrating and investing. MOQ made some acquistiions including Skoolbag, an educator sector software-as-a-service platform and TETRAN, a managed services operator.
As for outlook, the company says it is focusing on growing profit, and a revenue figure in FY17 between $50 and $55 million.
