Plexure increases revenue by 51% and reports maiden profit
30/10/2018, 8:56 am INTERIM
Mobile engagement software company Plexure has reported its first profit, following a record period of revenue growth. Revenue increased by 51% for the six months ended 30 September 2018, giving a net profit of $1.1 million. This represents a 658% turnaround on its $0.2 million loss for the same period last year.
Chief Executive Craig Herbison said the $8.1 million revenue and continued cost control gives the company $6.1 million in the bank. This, along with its positive cash flow, will allow Plexure to invest further in scaling its platform and addressing the significant growth opportunity across its global markets.
“Moving into profit is an important milestone on our journey, reflecting a successful rebuilding and refocusing of the business to generate the resources we need to fund further growth and expansion,” said Mr Herbison.
Plexures global footprint continues to grow with more than 86 million users on the platform across more than 40 countries.
For more information please contact:
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: [email protected]