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