VMOB 2015 Interim Report And Market Update

10 December 2015

VMOB 2015 Interim Report And Market Update

VMob Group Limited (VML) today announced its interim results for the six months ended 30 September 2015. Highlights included:

• Annualised Committed Monthly Revenue1 (ACMR) of $4.8m, an increase of 1,057% over the same period last year.

• Total revenue for the period of $3.3m, a 440% increase over the same period last year.

• Net loss after tax of $3.2m, up 62% from the same period last year, reflecting continued investment in strategic market development and technology platform evolution.

• ACMR forecast to exceed $10m in next six to nine months.

• US presence expanded and relationship with Microsoft deepened.

• Existing customers increasing usage of VMob solutions, which now include sophisticated data analytics capability.

• New customer engagement accelerating.

• Technology platform performing well at scale.

During the last six months the Company has successfully delivered several projects with existing global customers, all of which will underpin future growth in ACMR as these deployments scale up.

There has also been a been a real focus on growing VMob’s footprint in the strategic US market with the effort being led by the Company’s CEO, Scott Bradley, who recently re-located to San Francisco. This has seen the tempo of the Company’s sales activity increase with the number of new customer discussions accelerating rapidly in the latter part of the year.

This increase in momentum in the US will place VMob in a strong position to win more new business in the 2016 year.

VMob’s relationship with Microsoft has deepened during the period. The Company has strong visibility and support within Microsoft right up to CEO level and Scott Bradley and the Company’s sales personnel now regularly get introduced by Microsoft to major US retailers looking for retail technology solutions. The Microsoft relationship is a unique competitive advantage for VMob and enables the Company to quickly establish customer relationships that would otherwise be very difficult to develop.

The Directors are confident about the future prospects for the business and expect ACMR to exceed $10m in the next six to nine months as usage by existing global customers grows and new customers are acquired with Microsoft’s assistance.

1ACMR is a non-GAAP SaaS metric representing committed monthly recurring revenue as at the balance sheet date multiplied by 12 months

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