December 2017 Quarterly Report and Business Update
Sydney, Jan 30, 2018 AEST (ABN Newswire) - Collaborate Corporation Limited (
ASX:CL8) (Collaborate or the Company) is pleased to present its consolidated quarterly cash flow report and business update for the quarter ended 31 December 2017.
Key corporate highlights include:
- 42% increase in receipts vs the September 2017 Quarter, a new record result, and 59% increase vs the December 2016 Quarter.
- 30% decrease in net cash used in operating activities vs the September 2017 Quarter reflecting the increase in cash receipts and effective management of the cost base.
- 15% decrease in product manufacturing and operating costs vs the September 2017 Quarter.
- 15% decrease in administration and corporate costs vs the September 2017 Quarter.
- 2% decrease in marketing expenses despite increase in overall marketing activity and cash receipts, largely attributable to RACV funding marketing activity in Victoria and improvement in marketing performance.
- 33% increase in Rental Transaction Value for DriveMyCar vs the September 2017 Quarter and 62% increase vs the December 2016 Quarter.
- 44% increase in Gross Profit for DriveMyCar vs the September 2017 Quarter and 88% increase vs the December 2016 Quarter.
- 352% increase in Net Vehicle Activations for DriveMyCar vs the September 2017 Quarter and 271% increase vs the December 2016 Quarter driven by activations of vehicles sourced from corporate fleets, increased marketing activity and RACV members.
- 140% increase in Calculator Enquiries for DriveMyCar vs the September 2017 Quarter and 109% increase vs the December 2016 Quarter.
- 51% increase in Renter Registrations for DriveMyCar vs the September 2017 Quarter and 47% increase vs the December 2016 Quarter.
- 137% increase in Gross Revenue from RACV DriveMyCar in Victoria in December 2017 vs November 2017.
- 18% increase in Rental Transaction Value for Uber vs the September 2017 Quarter and 217% increase vs the December 2016 Quarter.
To view the full report, please visit:
http://abnnewswire.net/lnk/14I3N2EY
About Collaborate Corporation Ltd
Collaborate Corporation Limited is listed on the Australian Securities Exchange (ASX:CL8). It is Australia's leading listed company focused on 'collaborative consumption', 'peer-to-peer' or 'sharing economy' businesses. Collaborate currently has three core business segments: www.DriveMyCar.com.au Australia's leading peer-to-peer car rental business; www.MyCaravan.com.au Australia's leading peer-to-peer caravan rental business; and www.Mobilise.com an online hire marketplace to unlock the enormous potential of under-utilised assets. Through our proprietary trust and reputation platform, www.peerpass.com.au we create 'trust' between individuals and make it possible for people to safely transact with each other in the sharing economy.
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