Urbanise.com Limited (ASX:UBN) today released its quarterly result for the 13 weeks to 30 September 2019.
Licence fee revenue of $1.8m, 43% increase on Q1 FY2019
Facilities Management licence fee revenue increases by 120%
Revenue of $2.3m, up 14% on previous corresponding period (“pcp”)
Average monthly cash used of $199k, 55% lower on pcp
Closing cash balance of $3.1m at 30 September 2019