Big Un Limited
(ASX:BIG) has increased its cash reserve guidance by 399% for the 2017 financial year (compared to FY16) on the back of increased receipts.
The media technology firm increased its total combined guidance to $20.3 million (up from $4.1 million in FY16).
It comes as Big announced receipts from its recently purchased hair and beauty subsidiary, BHA Media, would be in excess of $800,000.
Big says it has also been approaching existing customers over the past 12 months, offering them renewals and upgrades to new products.
Shares in Big Un Limited
(ASX:BIG) are currently trading 15.15% higher to 76 cents.
