Business Highlights
AU growth on track
- Subscription revenues increased by 44% in Australia
- Supported by high renewals and new product launches
High and rising gross margin
- Gross margin increased to 89% in Australia
Strong balance sheet – no debt
- Self funding from high GP
- Self financing from net cash balance
Strategic investments to accelerate growth
- $4.4m cash invested in US expansion
- AU sales and marketing
- Confident of high returns
Building the US business remains on track
- Operational efficiencies realised from HyperCamera
- Capture target of 150M people achieved in the US
Reporting on a segment and corporate level introduced.
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