Mobile Embrace doubles revenue for Q1 FY2016

Company News

Mobile Embrace Limited (ASX:MBE) has reported record revenue and EBITDA for the first quarter of the 2016 financial year.
 
Revenue increased 105% to $12.1 million, from $5.9 million in the previous corresponding period.
 
EBITDA of $2 million was up from $130,000 in the first quarter of last financial year.
 
The company says it’s particularly encouraged by the growth in international operations, primarily the m-payments division in the UK.
 
International revenues now comprise 14 per cent of Mobile Embrace’s m-payments business.