AI assistant
MOTIO LTD — Capital/Financing Update 2015
Nov 26, 2015
65390_rns_2015-11-26_dc9630fd-2c3a-46a5-92d2-755590063a6f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
27 November 2015
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
XTD Trading Update
Australian listed transit technology and digital out-of-home company XTD Limited ( XTD or the Company ) is pleased to provide a trading update that forecasts record revenues for the business leading into the close of first half, 2016 financial year.
On October 8, 2015, XTD reported six consecutive months of revenue growth and total revenue for the first quarter, July to September 2015, of $778,000. Based on confirmed bookings for October and November, the Company anticipates the December quarter revenues to exceed that of the prior quarter by approximately 32%.
XTD is the owner and operator of the world’s first cross-track digital media and information system designed for the transit networks of major global cities.
Steve Wildisen, CEO of XTD, said the Company’s performance was very pleasing and related to specific factors that underpin increasing interest in XTD’s unique positioning and product offer.
“Firstly, we are operating in one of the world’s fastest-growing communications mediums, digital out-of-home,” said Mr. Wildisen. “Secondly, we have seen increasing interest from marketers and media agencies in using cross-track video for long-form content marketing. This is because our transit audiences have longer dwell times than most other periods in their city experiences. This means people have more time to absorb the content running on the XTD systems.
Looking forward, Mr. Wildisen said he remained confident of continued strong business performance by XTD. The Company is maintaining a high level of interest in overseas expansion with prospects in major cities in Asia and the USA.
For more information contact:
| Steve Wildisen | Nathan Ryan+61 420 582 887 |
|---|---|
| Chief Executive | Investor relations and media |
| [email protected] | [email protected] |