Urbanise Delivers Q1 FY2020 Results

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

Q1 FY2020 Results

Q1 FY2020 Investor Presentation