UPD 0.00% 99.5¢ updater inc

Revenue guidance, page-147

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    "Key Points

    • Q3 2019 Total Transaction Value (TTV) equaled approximately US$185 million, more than a 3X increase over Q3 2018 Total Transaction Value of approximately US$53 million.

    • 2019 TTV through Q3 equaled approximately US$329 million; on track to surpass the CY 2019 goal of US$400 million in TTV.

    • The key platform metrics remained strong in Q3 2019:

    o Move retention rate (achieved via retaining real estate partners) remained

    above 99%o Maintained the industry’s leading position for national market penetration of

    all US household moveso Userconversionrateremainedintherangeof45%,amongthehighestacross

    all tech platformso ContinuedoptimizationofthepurchaseratefortheTV/Internetfeature,which

    again reached all-time highs in Q3 The Company has signed terms sheets for a financing round and proposed

    acquisition, both of which the Board expects to complete prior to year-end.

 
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