Urbanise.com Impressive FY19 Financial ResultsUrbanise.com was up by 19% after delivering yet another exceptional, financial results for fiscal 2019, depicted by revenue growth and customer success. Over the last three years, the company has delivered a 73% increase in revenues thanks to strong demand for the company’s platforms
Revenue for the FY19 was up 48% to $8.1 million driven by new contract wins. The company also posted a 64% increase in recurring sale revenue supported by a high percentage of the recurring revenue base. Operational cost in the fiscal year was down 63% to $12.8 million helped by extensive expense reduction and lower depreciation/amortization. The company ended the year with $3.7 million in net cash, a 21% increase, and zero debt.
