Otherlevels Holdings Ltd Stock Market Press Releases and Company Profile
Quarterly Report
Quarterly Report

Brisbane, Oct 26, 2018 AEST (ABN Newswire) - OtherLevels Holdings Limited (googlechartASX:OLV) (OtherLevels) has today released its Appendix 4C for the quarter ended 30 September 2018, featuring:

- 75% increase in cash receipts from customers with A$1.09m for the quarter, compared to A$0.62m for the prior corresponding period.

- The Company also received an R&D tax concession for the financial year ended 30 June 2018 of A$0.77m.

- A$1.05m receivables as at September 30, 2018 which are due to be receipted in October 2018.

- Stable operating and investing costs of A$2.05m compared to A$2.03m in the prior corresponding period, which is in line with prior quarters.

- Funding of $200,000 was advanced by the Chairman and the Managing Director under the existing funding facility.

The quarter yielded another strong result for OtherLevels, reflecting the continued momentum the company is seeing with sales growth and effective operational cost controls.

With the acquisition of XCOM Media ("XCOM") announced during the week, the next quarter will also see the Company focus on integrating the XCOM business and implementing the strategies outlined in the announcement to further enhance OtherLevels presence in the mid-market. The estimated cash outflows for Q2 include the acquisition consideration, associated transaction costs and XCOM operating outflows. Q2 will also include cash receipts of A$1.435m representing proceeds of the successful placement to sophisticated investors and a number of small cap specialist funds.


About Otherlevels Holdings Ltd

OtherLevel Holdings LtdOtherLevels Holdings Ltd (ASX:OLV) (FRA:7OL) is a leading second-generation digital marketing platform with offices in Europe, the US and Australia.

The OtherLevels platform enables clients to acquire sooner, engage smarter and retain longer across desktop, mobile web and apps audiences.  The OtherLevels platform offers both Intelligent Messaging for Conversion, and Intelligent Messaging for Marketing Clouds and CRM, hence delivering both acquisition and engagement capabilities for digital marketers. OtherLevels leading clients include Camelot (UK), Tatts/Tabcorp, Coles, Flight Centre, IHG, LadbrokesCoral, Betfred and Doubledown.

For more information, please visit https://otherlevels.com.

For media enquiries please contact media@otherlevels.com.

https://twitter.com/OtherLevels https://www.facebook.com/OtherLevels/ https://www.youtube.com/channel/UC41mL7dCyvGSeWrFUFSB2yg https://www.linkedin.com/company/otherlevels abnnewswire.com 


Contact

Brendan O Kane
CEO & Managing Director
E: brendan.okane@otherlevels.com



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