The PropTech Group (ASX: PTG) is pleased to announce its Appendix 4C and Activities Report for the three months ending 30 June 2022.
Fourth quarter operational highlights include:
- Cash receipts of $5.4m, an increase of 33% over the same quarter in the previous year.
- Positive net cash flows from operations of $0.7m.
- Strong cash balance of $14.2m as at 30 June 2022.
FY22 financial highlights include:
- Total cash receipts in FY22 were $21.4m, an increase of 74% over the previous year.
- Positive net cash flows from operations of $2.7m, an increase of 136% over the previous year.
Fourth quarter operational highlights include:
- Annualised Recurring Revenue reached a record $18.5m as at the end of the quarter, an increase of 49% over the previous corresponding period.
- Average Revenue per Account was $267 per month in the quarter, an increase of 27% over the previous corresponding period of Q4 FY21.
- Market share remained stable, with 42% of agencies in Australia and New Zealand using at least one PropTech Group product.
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Rebecca Gillis
Rebecca works in the Digital Marketing field after graduating from James Cook University with a Bachelor of Business, majoring in both Marketing & Events Management. She has recently moved to the Gold Coast and enjoys getting outdoors to make the most of the great weather.