Big Un Limited (ASX:BIG
) ('the Company') is pleased to announce that it expects to achieve a material increase on the previous cash revenue guidance. BIG previously announced guidance for Q4FY17 cash receipts from customers of $8.15m. As a result of continued strong sales results during June, the Company is revising this guidance to over $9m, which represents an increase of 58% on the previous quarter and over 10% increase on the previous guidance.
Looking forward to FY18
Commenting on the sales results for FY17, CEO Richard Evertz says, "The company is experiencing continued demand for it's video subscription products. The sales results for the fourth quarter reflect this, and we anticipate this trend to continue over the coming financial year."
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About Big Un Ltd
BIG (ASX:BIG) is the parent company of Big Review TV Ltd. Big Review TV 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.
Chief Communications Officer
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