Commentary on Appendix 4C
Sydney, July 28, 2017 AEST (ABN Newswire) - iSentric (
ASX:ICU) maintains a strong cash holding of $1.7 million at June year end 2017.
Arte Mobile continued to perform well this quarter with the acquisition of 3.48 million new paying users in Indonesia, which is ahead of the 1.5 million per quarter forecast. A key telecommunications partner in Indonesia XL Axiata, has been very supportive in this quarter through the allocation of new marketing slots, which has help drive "Hush" and "Mini Game" to be in the top 5 services by revenue under the co-branded services category in XL Axiata. , Due to pre festive lebaran holidays in Indonesia, telecommunications providers allocated the majority of their promotional slots on their basic services, which has led to Digital Media and Services performance being similar to the previous quarter. Post lebaran holidays, our digital media team is working very closely with our telecommunications partners to gain more promotional slots. Arte Mobile continues to be the main gross contributor to the group, contributing 63% of the group's gross contribution.
The Enterprise Mobility division maintained its' performance with revenue increasing by 3%, from ongoing maintenance services. Enterprise Mobility is continuing to focus on its mobile banking solutions product. As previously announced management are working with Public Bank to release a mobile banking product which includes a mobile wallet. The mobile banking and wallet is transactional based revenue product which will add to revenue and earnings in 2018. This product will also be introduced to Enterprise Mobility's other customers in 2018, further adding to earnings.
The revenue and gross contribution per division for the June 2017 quarter are outlined below.
---------------------------------------------------------------------- Revenue Gross contribution Enterprise Mobility $0.68 million (44%) $0.26 million (34%)Digital Payments $0.38 million (25%) $0.02 million (3%)Digital Media and Services $0.49 million (32%) $0.48 million (63%) ----------------------------------------------------------------------
iSentric generated $295,000 cash from operations whilst investing $234,000 in new product development for the quarter. Management continue to focus on managing costs and the collection of receivables, which ensured that the Company maintained a strong cash poition of $1.7 million at year end.
About iSentric Ltd
iSentric Ltd (ASX:ICU) is engaged in the business of provision of software-based mobile telecommunications and technology business in the Asia-Pacific market. The Company's business divisions include Enterprise Mobility, Digital Payments and Digital Media Services. Its Enterprise Mobility division includes Enterprise Mobile Messaging, Digital Banking, Enterprise Mobile Application Development and Mobile Device Management. Its Digital Payments division includes Operator Billing, Mobile Banking and Hybrid E-Wallet. Its Digital Media Services division includes Content Creation and Content Distribution. The Company distributes digital content through a range of channels and platforms, including Mariku.asia, Telco branded platforms and third-party advertising networks. The Company creates and aggregates a range of digital content for the mass consumer market, including games (mobile and desktop), news feeds (sports, financial, local, international and entertainment) music and videos.
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