Cash Revenues for Q1 expected to exceed $14mSydney, Sep 7, 2017 AEST (ABN Newswire) - Big Un Limited (ASX:BIG) (or 'the Company') is pleased to announce market guidance for Q1 FY18 following a continued strong start to the new financial year. Based upon the ongoing excellent performance from the BIG sales and production teams in August, BIG expects to achieve global cash receipts from customers in excess of $14m for Q1 (an increase of 449% from Q1 FY17 and a material increase of 12% on previous guidance). BIG will continue to maintain cashflow positive.
Positive start to FY18
Commenting on the guidance, CEO Richard Evetz says, "We are continuing to experience strong demand for our video licensing products both domestically and internationally and anticipate that this trend will continue. The executive team are fully focused on delivering a balanced approach to expansion and cost management whilst capitalizing on market opportunity and maintaining shareholder value."
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About Big Un Ltd
Big Un Ltd (ASX:BIG) is the parent company of Big Review TV Ltd. Big Review TV is a social media, video review platform. BIG are innovative disruptors in the online video space delivering subscription based video technology products and services. The Company has operations across Australia and in New Zealand, the United Kingdom and the United States, Hong Kong, Singapore and Vancouver and was listed on the ASX in December 2014.
Big Un Ltd