Strong January Performance Consolidated with Record Breaking March Quarter
• Sales Inflection point announced in January consolidated with record breaking March Quarter
• All key metrics to achieve new year-on-year heights from March Quarter 2016 to March Quarter 2017:
o 313% increase in new accounts added - approaching 80 SaaS clients
o 405% increase in new monthly recurring revenue – quarterly increase of +$14,000 in new monthly subscriptions
o 139% increase in Annualised Committed Monthly Revenue (ACMR) - annualised SaaS revenue now +$0.5 million
• Results reflect the newly enhanced high calibre sales team and the quality product offering Velpic has developed
• Velpic enters the June quarter with a robust sales pipeline with a high number of qualified leads
VPC Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
