1H20 report released 20/2/20
Revenue increased by 17.4%.
Expenses increased by 8.5%.
Revenue of $4.5M for the half. Strata side of the business had most revenue at $2.57M.
Facilities had the largest revenue increase of 61%.
Cash on hand $4.59m due to recent capital raising.
Net loss of ($2.06m). Enough cash on hand to cover two more years of losses.
EBITDA loss ($1.29m), down 24.2%
Hardly a stonk, but better than many,
the share price is down, but I haven't sold any.
Business as usual as shown in latest quarterly and more importantly COVID-19 Update: No material impact to date on the demand for Urbanise’s cloudbased software with all offices continuing to operate remotely. Has recovered slightly from the low and sellers have completely dried up below 60c, expect a pop sooner rather than later if some of these buyers become impatient.