Data services company SkyFii Limited (ASX:SKF) has delivered 241% growth in its total registered user base to 880,000 unique users for the year ended 30th June 2015.
Revenues increased by 16% to $700,000 fuelled by a 175% growth in revenue from the retail mall segment.
Venue traffic flows have also increased to 53.7 million, representing a constant monthly growth rate of +20.4% since FY2014.
The company has also registered a 18.7% increase in network usage by registered users to 3.9 million total Wi-Fi sessions.
Growth is expected to continue with at least 17 large shopping centres expected to go live in the first quarter of FY2016.
Notably, the company has the potential to break-even on its current fixed cost base by capturing less than 0.5% of the global retail mall market based on its current retail mall pricing model for recurring analytics services fees.
SkyFii had cash of $2.7 million as at 30th June 2015.
