MELBOURNE, AUSTRALIA (16 February 2022) — The PropTech Group Limited (ASX: PTG) (“Company” or “PropTech Group”) is pleased to release its results for the six months ending 31 December 2021 (“First Half” or “H1 FY22”).
Financial highlights compared to the first half of FY21:
-- Total operating revenue increased 98% to $9.7m;
-- Annualised Recurring Revenue (“ARR”) up 71% to $17 m;
-- Cash Receipts up 106% to $10.7m;
-- Gross Profit Margin growth of two percentage points to 92%;
-- Significant 215% increase in R&D for future growth.
For more information, download the attached PDF.
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