Indoor Skydive Australia Group Ltd Stock Market Press Releases and Company Profile
Investor Update
Investor Update

Sydney, Feb 18, 2015 AEST (ABN Newswire) - Indoor Skydive Australia Group Ltd (googlechartASX:IDZ) announce the Investor and operations update with significant highlights.

Operations Update

- Record Sales for December exceeding $1m

- January Revenue exceeding $700k

- Strong Gift Voucher Sales

- Unearned Revenue Balance over $1.4m (excluding third party sales)

- Trend of High Utilisation continues

- System processes and procedures tested and performed satisfactory during a high tempo operational period

- Strength in Systems to roll out to future sites

Key Drivers

Tunnel based Revenue remained strong across the period, with increases in Revenue observed during each school holiday period.

ISA Group maintains a sound Balance Sheet. This is as a result of the continuing contribution from Tunnel operations as well as the Capital Raise conducted in November 2014.

- The Convertible Note Facility has been completely repaid and management expect it will lapse prior to the end of the Financial Year with a zero balance.

- The Balance Sheet is free of all funding related debt.

- Remaining Cash and cash equivalents are expected to be sufficient to support the completion of both the Gold Coast and Perth projects (under existing timing and cost assumptions).

At a Group level the results were heavily impacted by Performance Based Share expenses ($1.472m), which were higher than forecast as a result of Milestones associated with the Gold Coast project being achieved earlier than planned. We do not expect the Performance Based Share expenses for the full year to exceed $1.9m.

To view the Investor Presentation, please visit:

To view the Half Yearly Report, please visit:

About Indoor Skydive Australia Group Ltd

Indoor Sky Diving (ASX:IDZ)Indoor Skydive Australia Group (ASX:IDZ) was established on 04 Nov 2011 as the parent company to facilitate a number of indoor skydiving facilities to cross our region in the next 3-5 years. These facilities allowing human flight within a safe environment are currently used by tourists, enthusiasts and military throughout the world including the Australian Military and active Skydivers. Flexible operating hours, low overheads and proven technology are just a few of the highlights that support the company’s business model. 


Indoor Skydive Australia Group Ltd
Fiona Yiend
T: +61-2-9325-5900

ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 5) (Last 30 Days: 20) (Since Published: 3632)