PIL 7.14% 1.3¢ peppermint innovation limited

Ann: Appendix 4C - quarterly, page-18

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    The December 2016 quarter has us at 197,142 registered subscribers performing over 5.7 million transactions per quarter.

    197,142 subscribers performing 5.7 million transactions per quarter equates to 29 transactions per subscriber per quarter.

    Page two of the letter to shareholders dated 30/08/16 below highlighted that based on current performance the company is making between AUD$0.01c to $0.06c per transaction.

    http://www.asx.com.au/asxpdf/20160830/pdf/439s5dy6mdcqmy.pdf

    December 2016 Quarter came in at $221,000 (gross revenue) / 5,700,000 (transactions) = $0.039c per transaction on average.

    As subscribers increase, so too does revenue.

    Subscribers have increased quarter upon quarter, but their last quarter (December 2016) was their best performance to date.

    The company added an additional 21,805 subscribers in the last quarter.

    197,142 - 175,337 = 21,805.

    My attention is seeing what takes place next with regards to Union Bank, now that batch enrollment system testing is completed.

    The next few quarters will be interesting.

    Tony
 
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