GEO
23/04/2015 08:30
QUARTER
PRICE SENSITIVE
REL: 0830 HRS GeoOP Limited
QUARTER: GEO: GeoOp Q1 2015 Operating Update
GEOOP LIMITED (NZX:GEO)
Strong revenue and customer growth in 12 months to 31 March 2015
Thursday, 23 April 2015
GeoOp is pleased to announce its operating update for the quarter ended 31
March 2015.
At 31 March 2015, GeoOp reports licenced users of 17,839, representing close
to double the licenced user number at 31 March 2014 of 9,509.
Following the substantial growth in licenced users over the last 12 months,
GeoOp has seen an equivalent growth in subscription revenue. At March 2015,
annualised monthly subscription revenue was $1,270,000, double the equivalent
at March 2014 of $610,000.
Commenting on the result, Anna Cicognani, Chief Executive said "after a
seasonally slow start to the quarter through the summer period, March 2015
was a strong month, delivering half the quarter's total result of around
1,450 new licenced users. GeoOp delivers real productivity and efficiency
improvements for customers and in the last quarter we have seen increased
enquiries from larger enterprises looking to better manage their mobile
workforce. At March 2015, the average number of user licences per business
customer was over 10."
"GeoOp focused on new customer acquisition in the quarter and saw a 26%
increase in new businesses signing up to the platform compared to that in Q4,
2014. This growth demonstrates the market appetite for GeoOp's leading job
management solution in the SME market" said Rhonda Robati, Global Head of
Sales.
On 11 June 2015, GeoOp will release its preliminary, unaudited results for
the 12 months ending 31 March 2015.
-ends-
For more information please contact:
Stewart Reynolds
Chief Financial & Operating Officer
Email: [email protected]
Bryony Hampton
Content and Communications Manager
Email: [email protected]
About GeoOp Limited www.geoop.com
GeoOp Limited is a New Zealand-based software company that offers complete
job management to businesses all over the world and it's neatly wrapped into
a low cost, easy to use service with premium support.
GeoOp supports businesses in their journey to find more time for the
important things; providing intuitive software for devices that are already
in the hands of field workers.
End CA:00263432 For:GEO Type:QUARTER Time:2015-04-23 08:31:05
