Big Un Ltd Cash Revenues Q2 FY18 $22.5m up 50% from Q1 FY18
Sydney, Australia (ABN Newswire) – Big Un Limited (ASX:BIG) (or ‘the Company’) is pleased to announce the release of its 4C Cash Receipts from Customers results for the quarter ended 31 December 2017 (Q2 FY18). BIG achieved cash receipts from customers for the quarter of $22.5m. This represents an increase from the prior year quarter Q2 FY17 of 459% and an increase from the prior quarter Q1 FY18 of 50%.
The results include $2.2m in cash receipts in relation to US customers and $2.1m generated by BHA Media and the newly acquired FAB Media.
Commenting on the outlook for the business Richard Evertz says “The underlying growth from pillar one in Australia remains strong, and our US results underline further enormous growth opportunity for our unique business model. We are currently executing a controlled US expansion plan and it is gratifying to see early US results are exceeding our expectations. We are also pleased to observe the continued growth in Australian revenue which is further supplemented by cash receipts from BHA and FAB Media subsidiaries following BIG’s successful collaboration and integration with traditional media services. The outlook for BIG is exciting and extremely positive.”
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About Big Un Ltd:
BIG (ASX:BIG) is the parent company of Big Review TV Ltd. Big Review TV are innovative disruptors in the online video space delivering subscription based video technology products and services. The Company has operations across Australia and in New Zealand, the United Kingdom and the United States, Hong Kong, Singapore and Vancouver and was listed on the ASX in December 2014.
Big Un Ltd
Corporate Enquiries Sonia Thurston Communications Director E: [email protected]