PropTech Group MRI

Video – Finance News Network Interview

Written by Rebecca Gillis
27 June, 2022
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Lauren Evans from Finance News Network interviews Joe Hanna PropTech Group CEO on the company’s future, and quarterly results highlights, including:

  • Growth in the number of PropTech Group products purchased per agency office from 1.06 to 1.85.
  • An increase of 12 percentage points from 29 percent market share at the end of Q2 Fy 2021 and 41 percent market share of sales CRM software in A/NZ, more than our three largest CRM competitors combined
  • Cash receipts from customers climbed 116 percent, compared to the previous corresponding period (“PCP”) (Q2 FY 2021), to $5.8 million and are up 16 percent compared to the last quarter (Q1 FY2022);
  • $14.8 million in cash on hand as of 30 December 2021.
  • Net cash flow from operations climbed 292% compared to the PCP, to $1.0 million and increased 61 percent compared to the last quarter (Q1 FY 2022); and
  • Average revenue per agency (“ARPA”) of $245 per month during Q2 FY 2022, a growth of 23 percent since Q2 FY 2021.

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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