Pushpay increases ACMR by 71%

Company News

by David Chau

Mobile phone app developer, Pushpay Holdings Limited (ASX:PPH) has announced that its Annualized Committed Monthly Revenue  increased by 71% (or US$8.4 million) for the quarter ended 31 December 2016, compared to the same time last year. 

Pushpay says, during the December quarter, its Annualised Committed Monthly Revenue was 28% higher compared to the September quarter.

The company says its revenue increased because it implemented a number of price increases over the quarter.

The revenue increase also includes the US$1.1m derived from the acquisition of Bluebridge’s church app related business - which is used for communication and increasing church attendance, among other things.

Pushpay posted net loss of $14.9 million at 30 September 2016
 

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.