Otherlevels Holdings Ltd Stock Market Press Releases and Company Profile
Appendix 4C - quarterly
Appendix 4C - quarterly

San Francisco, April 28, 2017 AEST (ABN Newswire) - OtherLevels Holdings Limited (googlechartASX:OLV) (OtherLevels) has today released its Appendix 4C for the quarter ended 31 March 2017.

- Cash receipts from customers of $1,050,000 for the quarter, compared to $978,000 for the prior corresponding period.

- Continued improving sales activity for the quarter, with $1,370,000 in customer invoicing, plus a large order of $400,000 signed in the first few days of April 2017.

- Operating and investing costs were $1,835,000, compared to $2,509,000 for the prior corresponding period. Of this amount operating costs for research, development, staff, administration and corporate costs represented $1,480,000.

- Timing of receivables meant that cash on hand as at the end of March was $220,000. In addition, approximately $1,200,000 in receivables is due by the end of April 2017.

- The successful execution and maintenance of cost reduction strategies has continued, in support of the goal of achieving positive operating cash in the second half of CY2017.

- Current period working capital will be satisfied by cash on hand plus the Director's loan facility. In addition discussions with a number of major shareholders has indicated interest in further support, if required.

The Company's Board and management remain absolutely focused upon successfully monetising OtherLevels' valuable proprietary smart messaging platform in global markets, and will continue to focus on sales, maintaining reduced operational costs and the goal of achieving positive operational cash flow.

To view the full Report, please visit:
http://abnnewswire.net/lnk/K5T6SBX1


About Otherlevels Holdings Ltd

OtherLevel Holdings LtdOtherLevels Holdings Ltd (ASX:OLV) (FRA:7OL) is a leading second-generation digital marketing platform with offices in Europe, the US and Australia.

The OtherLevels platform enables clients to acquire sooner, engage smarter and retain longer across desktop, mobile web and apps audiences.  The OtherLevels platform offers both Intelligent Messaging for Conversion, and Intelligent Messaging for Marketing Clouds and CRM, hence delivering both acquisition and engagement capabilities for digital marketers. OtherLevels leading clients include Camelot (UK), Tatts/Tabcorp, Coles, Flight Centre, IHG, LadbrokesCoral, Betfred and Doubledown.

For more information, please visit https://otherlevels.com.

For media enquiries please contact media@otherlevels.com.

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Contact

Otherlevels Holdings Ltd
US: +1-415-697-2130
UK: +44-203-751-0440
AUS: +61-7-3003-0652
E: media@otherlevels.com
www.otherlevels.com



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