31 October 2017 ASX Announcement / Media Release Quarterly Report for Period Ending 30 September 2017
• Record Purchase Orders of almost AUD$2m received for the quarter providing a solid base of revenue for the coming quarters.
• Orders were up 236% on the previous quarter (+794% Sept 16) with further significant growth expected to continue following Mobile World Congress in San Francisco during September 2017.
• Placement of AUD$3m managed by Trident Capital to assist with increased manufacturing capacity allowing accelerated sales to continue.
• Number of Customer Accounts grew 8% from Q4 2016 to now total 1,065 customers that have purchased from CIO. 72% of orders in the quarter were from repeat customers.
Cash Receipts growing with AUD$591,093 received during the quarter, a significant result during the company’s Purchase Order growth phase.
