NRMA/Thrifty Rentals trial move into car-sharing..., page-29

A rehash of figures from Tuesday's announcement:

Each day in May on average we earnt $1838 in revenue, $1225 in profit (a 36% increase), 120 cars were rented, 117 bookings made, over 2 cars were activated, more then 9 new drivers registered there were more then 44 calculator enquiries...

From April to May 2016, revenue was up 19.9%, profit was up 36% and enquiries were up 71%. Calculated daily.

In May there were over 3600 days booked, this along with a big increase in enquiries and a solid increase in registered renters means we should see solid growth in June as well.

Year on year percentages are big coming off a small base but, month on month growth is solid and profit increasing as a greater % of revenue is proof "economies of scale" is a term that is accurate in our business not a buzz phrase jazzing up the updates.

Funding being sorted and some targeted demand marketing using our new deals (fleets etc) and we really are on the way to cash flow positive.

I share the frustration of lack of detail regarding deals and the time it is taking to get deals and finance done.

I have been burnt before losing patience in what I thought was a good business model, selling early and missing the spoils, not this time!

Best of luck and enjoy the weekend, pub lunch and footy! TTB