the rest of the info from the newsletter.... changed the order, as most of the (now) bottom part was just today's announcement:
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The past 12 months at a glance...
The 2017 Financial Year was an extremely busy year and I think it is important to reflect on some of the amazing achievements by the Group. A short summary of some of the highlights over the last 12 months are as follows:
Completed the Cash My ATM Acquisition in July 2016 and welcomed some of the Cash My ATM Team members into the organisation;
Announced Record Results in July 2016 (10th Record Quarter);
Announced the 2016 Performance Shares milestone as being achieved in August 2016 (some six months early);
Announced Board Changes and an EFTPOS distribution deal in August 2016;
Signed a 3 year $15mil cash convenience deal with Goldfields Money in September 2016 to replace First Class Capital/ATM Bailment
Signed the Indue ATM Acquisition MOU in September 2016 and welcomed a number of new Team members into the Group in preparedness for the Indue acquisition and other anticipated acquisitions;
Announced Record Results in October 2016 (11th Record Quarter);
Signed the Asset Sale Agreement and Ongoing Services Agreements with Indue on New Years Eve!
Signed the MOU and put in place the instrument to acquire the Fast Cash ATM network;
Announced further Record Results in January 2017 (12th Record Quarter);
Settled the Fast Cash ATM Network in January 2017
Announced delays in the funding of the Indue Acquisition.
Moved the QLD office into bigger premises at the same location;
Announced further Record Results in April 2017 (13th Record Quarter)
Settled the Indue ATM Businesses acquisition in May 2017;
Increased the Goldfields deal from $15mil to $30mil;
Announced the official Fast Cash ATM Network acquisition and settlement in June 2017.
Moved the NSW office out of Lane Cove to bigger premises in Moorebank;
Announced the 2017 Performance share milestone as being achieved.
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ASX ANNOUNCEMENT
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We are pleased to announce that we have made an announcement this morning in relation to the achievement of our 14th Record Quarter of Revenue in a row. The Highlights are as follows:
164% improvement in 2017 YTD total revenue compared to 2016 YTD total revenue
144% increase in 2017 Q4 total revenue compared to 2016 Q4 total revenue
103% improvement in 2017 YTD ATM revenue compared to 2016 YTD ATM revenue
12% improvement in Q4 ATM revenue over Q3 ATM revenue
We are proud to have achieved another record quarter of revenue, our 14th in a row and our annual total revenue increase of 164% is a significant result. This time last year we originally had a milestone revenue target for FY17 of $5million and our actual revenue was nearly double that amount this year and we originally achieved our target in February of this year.” When we look at our target for FY18 which was set some 12 months ago it was to achieve total revenues of $10million but we recently provided guidance to suggest that we should easily achieve more than double that target amount in FY18 and we anticipate our current revenue growth rates to continue over the coming financial year.
STL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
