Quarterly Update (App 4C)
Sydney, Oct 15, 2019 AEST (ABN Newswire) - The Board of BetMakers Technology Group Ltd (
ASX:BET) (T07:FRA)("BetMakers" or the "Company") is pleased to release its quarterly cash flow statement and report an unaudited EBITDA result in excess of $500,000 for the quarter ending 30 September 2019.
Revenues for the September quarter exceeded $2 million, and with the majority of this revenue generated by contracted fixed fee recurring payments, the Company is confident of a continued monthly cash flow positive position moving forward.
With an annualised revenue run rate currently in excess of $8 million, the Company expects to reach its revenue target of $10 million for FY20.
The Company would also like to reaffirm its guidance of $3.4-$3.7million EBITDA for FY20 is expected.
To view the report, please visit:
https://abnnewswire.net/lnk/3E07EUP9
About Betmakers Technology Group Ltd
Betmakers Technology Group Ltd (ASX:BET) (OTCMKTS:TPBTF) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services.
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