Half Year Results and Appendix 4D
Sydney, Aug 27, 2015 AEST (ABN Newswire) - Invigor Group Limited ("Invigor" or "the Company") (
ASX:IVO) has released its 30 June 2015 Half Year Financial Report and Appendix 4D. Invigor has reported a consolidated profit before interest, tax, depreciation, amortisation and impairment (EBITDAI) for the six months of $856,000. EBITDA for the period was $106,000 which was in line with guidance. Operating revenue for the period of $3.4 million was generated from sales, licence fees and provision of services. The result reflects the effect of the acquisitions made during 2014 and the transition and repositioning of the Company undertaken during the past 15 months.
Highlights:
- Results for the half year
- Operating revenue - $3.4 million
- EBITDAI - $856,000 (before impairment charge)
- EBITDA - $106,000 in line with guidance
- Pipeline of sales continues to grow strongly for Insights range
- New contract signed for Insights Visitor
- More than 6,000 downloads for Shopping Ninja
- Successful completion of $4.8 million capital raising
No interim dividend been declared.
Further information is contained in the accompanying Appendix 4D and Half Year Financial Report in link below.
An impairment charge of $750,000 was raised against the exposure to the Company's investment in My Verified ID (MVID), which has been in administration during the period. The Board is of the view that there remains value to be realised from the investment held in MVID. Notwithstanding this view, it is considered prudent that a provision for impairment be raised with an ongoing review of the exposure undertaken as MVID implements its business plan post administration.
The Company released two major B2B solutions - Insights Retail and Insights Visitor - as well as a B2C product, Shopping Ninja , during the first six months of 2015. The Insights Retail solution has seen take up from several major brands in both the consumer electronics and alcoholic beverage markets. The pipeline of potential sales continues to grow with major trials currently underway, including with large retailers.
The Insights Visitor range is now seeing significant traction from a range of enterprises, including major retailers, shopping centre groups, hotel and leisure operators and local government. Invigor has recently signed up a leading Sydney hotel/bar operator to roll out Insight Analytics in one site initially with a view to rolling it out across their entire group.
Shopping Ninja uptake continues to grow with more than 6,000 downloads (double since July) and a number of major retailers signed up to pay commissions. The iPhone/iPad version is expected to be launched within weeks as well as a new range of products covering Health and Beauty.
The Company was very pleased with the response to the recent capital raising, which was fully subscribed despite testing market conditions. It brings a number of well-known funds onto the Invigor shareholder register.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IVO-875373.pdf
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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