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H1 FY2020 Results Limited (ASX:UBN) today released its first half result for the six months to 31 December 2019.

Licence fee revenue of $3.80m, up 33.5% on H1 FY2019

Total revenue of $4.56m, up 17.4% on H1 FY2019, 83.3% recurring

EBITDA loss of ($1.29m), down 24.2% on H1 FY2019

Net loss of ($2.06m), down 6.7% on H1 FY2019

Annualised recurring revenue (ARR) of $7.85m, up 33.1% on H1 FY20191

Backlog of $1.60m as at 1 January 2020

Average monthly cash used of $218k for H1 FY2020, down 33.3% on H1 FY2019

Closing cash balance of $4.59m, includes $2.20m net proceeds from institutional-led private placement in December 2019


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