Quarterly Review and Appendix 4C
Perth, Feb 1, 2016 AEST (ABN Newswire) - Yonder & Beyond Group Ltd (
ASX:YNB) (the Company) has released its Appendix 4C for the three-month period to 31 December 2015, a period in which portfolio companies entered or advanced "go to market" activities commenced in previous quarters.
Highlights
- Gophr achieves 264% increase in Q4 revenue against Q3 revenues (to $54k), and partners with Beats by Dr Dre™ to deliver headphones in London
- Boppl increased order volume by 252% and dollar value of transactions through the app by 288%
- Mysquar achieved 2m user accounts as at 31 December 2015, up 150% since 31 May 2015
- Key partnerships agreed with major organisations for Boppl, Gophr, Prism Digital and MeU mobile
- Gophr featured in The Daily Telegraph as number 1 for '10 Best Apps for a Stress Free Christmas'
- $1m funding via drawdown convertible note secured with CEO
Over the quarter YNB continued to increase its involvement within its portfolio companies and identify and introduce synergies across the group, resulting in increased sales, revenue and customer acquisition. Based on the specific requirements of each of the companies in its portfolio, YNB has been involved in securing partnerships, streamlining processes and operations, implementing technical products and finalising business/marketing plans and strategies.
YNB is satisfied of the growth in sales and revenue each of the companies is experiencing given their relative infancy, particularly Gophr and Boppl. Both companies increased their sales numbers, revenue and clients over the period, surpassing their growth from Q3.
During the period the Company also brought in-house key capabilities and resources enabling it to develop its own bespoke technology based products and solutions for portfolio companies and others. It is expected that this capability, which will directly service clients design, develop and deploy their technology products and services. will be more formally recognised within the group in the coming period.
Partnerships
Partnerships have, and will continue to be, a key element of the portfolio companies marketing and growth strategies.
During the period the following key partnerships were established:
- Gophr x Beats: In December, Gophr partnered with renowned music brand, Beats by Dr Dre to be their official delivery provider.
- Boppl x Epos Now: With over 10,000 venues in the UK, Epos Now is a leader in cloud POS technology. This partnership allows for Boppl to be available in every Epos Now venue.
- MeU mobile x Student Edge: Australia's largest student member organisation with over 750,000 members. MeU has partnered with Student Edge to provide exclusive deals to members.
Press Coverage
During the period portfolio companies continued to generate positive press coverage within mainstream and technology focused media outlets.
Below is a selection of key coverage generated during the period.
- An article in The Telegraph mentioning Gophr as the number 1 'The 10 Best Apps For a Stress Free Christmas'
- An article in The Australian on the MeU mobile partnership with Student Edge.
- An article on Digital Look website about the success Burma has been for MySQUAR
Cash Receipts
On 31 December YNB announced that CEO Shashi Fernando had committed a further $1m in funds via issue of a draw down convertible note to the company.
Outlook
Shashi Fernando, Yonder and Beyond CEO said, "the company's outlook continues to be positive, with a number of assets operating in fast growing sectors continuing to develop and gain ground on a daily basis. 2016 will see YNB's assets continue to focus on growing their market share and growing their revenue base.
To view the full report, and portfolio of companies, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YNB-751299.pdf
About Yonder & Beyond Group Ltd
Yonder & Beyond Group Ltd (Y&B) (ASX:YNB) is a portfolio of synergistic technology assets with a focus on mobile businesses. These include Gophr, Boppl, Prism Digital, PlayMeet and MeU Mobile. Yonder & Beyond's strategy is to identify and develop disruptive applications with high commercialisation and scalability potential.
Yonder & Beyond equip startups with vital capabilities beyond capital. Our philosophy is to invest in people, as well as invest in their business, so they can both grow and succeed. We are dedicated to contributing to the development of businesses through our resources, experience and relationships.
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