Key achievements for H1 FY20 included:Sales – Xref credit sales reached $4.6 million, up 10% from $4.2 million in H1 FY19;Credit usage - credit usage reached $4.4 million, up 29% from $3.4 million in H1 FY19, with $1 million coming from integrated customers;Receipts - cash receipts totalled $6.0 million, a 25% increase on the $4.8 million in H1 FY19;Product expansion - Xref Lite launched as a means to reach a wider pool of organisations looking for a self-serve, single-user solution with all the power of the Xref enterprise platform;Client acquisitions - 190 new clients added during H1 FY20;Integration growth - 23 live integrations by end of H1 FY20, with growth in the number of organisations using Xref through an integration increasing to 223;Notable integrations - strategic partnerships formed with PageUp and CVCheck;International growth - key education sector clients secured in the United States; and,Funding - completed a placement of new shares to Australian institutional and professional investors raising $3.496 million before costs in December 2019.
XF1 Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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