Anticipated Cash Revenues Q1 FY18 $14.99m up 60% from Q4 FY17Sydney, Oct 10, 2017 AEST (ABN Newswire) - Big Un Limited (ASX:BIG) (or 'the Company') is pleased to provide guidance on anticipated Cash Receipts from Customers for the quarter ended 30 September 2017 (Q1 FY18). BIG anticipate cash receipts from customers for the quarter of $14.99m. This represents an increase from the prior year quarter Q1 FY17 of 488% and an increase from the prior quarter Q4 FY17 of 60%.
The anticipated results include $0.82m generated by BHA Media and $0.64m in cash receipts in relation to US customers.
Commenting on the guidance Richard Evertz says "The anticipated results are very encouraging. Receipts from BHA Media look like exceeding initial expectations, Australian sales continue to grow, and we anticipate seeing this strong trend continuing. We are incredibly excited to see early results from our US expansion that demonstrates high levels of uptake for our video technology products from Texas and California. I feel that BIG is at a significant point in its global growth trajectory, and look forward to further strong results as we continue to implement our international expansion strategy".
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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 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