Urbanise Delivers FY19 48% Revenue Increase (Year-on-Year)

Posted on August 30, 2019

Urbanise.com Limited (ASX:UBN, ‘Urbanise’ or ‘the Company’) is pleased to announce strong revenue growth and improving cashflow for the year ended 30 June 2019.

  • Revenue increased to $8.1m for the year ended 30 June 2019, increasing by 48% compared to the Prior Corresponding Period (“PCP”)
  • Total costs (including expenses, depreciation, amortisation and impairment) decreased by 63% from the PCP.
  • Average monthly cashflow improved by over $500k per month from $(810)k per month for the PCP to $(273)k per month for the year ended 30 June 2019, an improvement of 66%.
  • Cash on hand at 30 June 2019 was $3.7m.

Urbanise’s CEO, Saurabh Jain said:

“I am pleased to announce our outstanding result with increased revenue of 48% and a reduction of cost by 63%, our platforms are gaining traction across their respective markets.  We are continuing our focus on customer service and ongoing innovation to ensure we deliver value for all our stakeholders.”

August 2019 – Annual Financial Statement

August 2019 – Media Announcement

August 2019 – Investor Presentation

August 2019 – 4E