PropTech Group Delivers 136% Year on Year Growth

Written by Rebecca Gillis
July 29, 2022
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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.

To download the full ASX announcement, please click here.

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.

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