Commenting on these results, Crowd Mobile CEO Domenic Carosa...

Commenting on these results, Crowd Mobile CEO Domenic Carosa said:

“It has been an exciting quarter for Crowd Mobile with many important goals achieved following on from the Track Holdings acquisition, completed in Europe at the end of October 2015.
We have expanded our app portfolio with the launch of 5 new apps whilst executing supply agreements to launch Crowd Mobile services into South Africa and more deeply into Asia.
This strong performance combined with a significant increase in our global footprint will further ensure our revenues and profitability improve over the longer term.
“From an organic perspective, we have delivered another record quarter for the company, maintaining our impressive billed messages growth rate.

There were 2.12 million billed messages over the quarter, representing a 74% increase on the same quarter last year, and a 7% increase on the previous quarter. We now have over 1,000 experts answering questions in over 30 languages, and our platform remains scalable for additional apps and mobile content.

As part of the strategy to secure competitive funding, Crowd Mobile has secured an additional €3.0 million in debt finance (currently undrawn) from its existing European debt provider.

The key terms of the debt, listed below, are consistent with the existing facility agreement:
 Facility has been increased by another €3.0 million (c$4.6m AUD)
 Facility is 3 year and revolving in nature, providing flexible funding base for the business