Mobile Embrace FY16 Results Ahead of Guidance, Revenue Up 83 Per Cent

Mobile Embrace FY16 Results Ahead of Guidance, Revenue Up 83 Per Cent

Mobile Embrace Limited has again delivered a strong financial and operational performance for FY2016. From July 2015 to August 2016, MBE has established four new international territories for direct carrier billing and four new International territories for mobile marketing all expanding its operational infrastructure whilst increasing profitability.

Alannah Green
Posted by Alannah Green

The results showed Mobile Embrace’s revenue of $60.6 million was up 83 per cent year on year (YoY) from $33.01 million ahead of guidance; EBITDA of $9.5 million was up 86 per cent YoY from $5 million ahead of guidance; NPAT of $4.9 million was up 63 per cent YoY from $3 million; Basic EPS 1.26 (cents per share) was up 57 per cent YoY from 0.8; and cash at bank was $18 million.

Chris Thorpe, CEO said, “Mobile Embrace has again delivered strong growth on all the key metrics of Revenue, EBITDA, NPAT and EPS growth year on year.

“We again exceeded guidance with revenue of $60.6 million and EBITDA of $9.5 million which demonstrates the strength, scalability and momentum of the business.

“The Company invested in the expansion of its operational infrastructure by continuing to establish multiple new international territories whilst maintaining profitability. Mobile Embrace is strategically positioned to benefit from the global uptake of mobile which continues to grows in importance at a considerable pace.

“Our focus in FY17 is to continue delivering sustainable growth from our operations which are highly scalable and are generating strong cash flows.

“Industry forecasts continue to point to strong and continued growth in the mobile payments and mobile marketing sectors which gives MBE the perfect environment in which to deliver its three-year strategy.”