Urbanise.com 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