GEO
21/07/2015 08:30
GENERAL
PRICE SENSITIVE
REL: 0830 HRS GeoOP Limited
GENERAL: GEO: Strong growth leads to decision to move from AX to Main Board
GEOOP LIMITED (NZX:GEO)
Strong growth leads to decision to move from AX to Main Board
Tuesday, 21 July 2015
GeoOp is pleased to announce its operating update for the quarter ended 30
June 2015.
At 30 June 2015, GeoOp exceeded 19,000 licenced users, representing a 67%
increase from the prior year equivalent of 11,354 at 30 June 2014.
Annualised revenue at 30 June 2015 has seen similar strong growth of 72% over
the period reaching $1,400,000.
Commenting on the result, Anna Cicognani, Chief Executive remarked "The
second quarter of 2015 has, once again, been a very busy period for GeoOp as
we have undertaken a number of initiatives which will drive the business to
profitability. Recently we released a new 2-licence and 5-licence pricing
plans targeting smaller operators and have refined other price points for our
existing licence based plans. The changes to pricing will result in higher
average revenue per user for new businesses signing up to GeoOp while
maintaining a competitive entry point."
GeoOp has been reviewing its current listing on the Alternate Market of the
NZX and will apply to the NZX to move to the Main Board.
On 11 September 2015, GeoOp will release its preliminary results for the 15
months ending 30 June 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:00267190 For:GEO Type:GENERAL Time:2015-07-21 08:30:10
