1st Group Limited (ASX: 1ST), the Australian online health, media and technology group, today announced its update for the quarter ended 31 December 2018, announcing it topped $1m revenue in Q2 for the first time, with a positive Q3 outlook!
That's a 16% QoQ increase.
The company also announced it has met its 1H maiden guidance and promptly announced 2H guidance further demonstrating the companies confidence in the 2H outlook.
With continued increase in new customer sites, further improvement in customer retention rates and a strong hint of advertising revenue growth expected in 2H, the company is on a rapid path to becoming cashflow positive.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).
