Cashflow Performance and Management
• Cash Receipts from Customers continues strong growth to $5.6m, up 372% from Q3 FY16.
• Cash Flow Positivity continues with BIG recording the second period of global cash flow positivity and a cash surplus of $1.6m for the quarter from Operating and Investing Activity.
• Operating and Investing expenses well controlled with an increase of only 9% from Q2 FY17 producing a resultant cash revenue increase of 39% from the prior quarter.
Operations
• Production Pipeline increased 62% organically to 24,500 customers and added a further 36,000 members following the acquisition of BHA Media Ltd from The Intermedia Group. This represents an overall increase of 302% in the pipeline from this time last year.
• Offering of a larger bundled video product resulted in continued increase in ARPU to $5.1k (up 356% from Q3 FY16)
• Paying subscribers have increased by 82% from Q3 FY16 to 3,100 members
• Video content views showed significant increase to 29.3m, up 532% Q3 FY16
BIG Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held