Appendix 4E Preliminary Final Report
Sydney, Feb 29, 2016 AEST (ABN Newswire) - Invigor Group Limited (
ASX:IVO) announces the following results for the Company and its controlled entities (together the Consolidated Entity) for the year ended 31 December 2015. The results are extracted from the Preliminary Financial Statements of the Consolidated Entity which remain subject to audit completion.
Invigor Group 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 has 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.
The result for 2015 reflects:
- the first full year contribution from the Insights product range;
- integration of Condat AG since becoming acquired effective 1 November 2015; and
- the impact of executive management and senior staff changes which occurred during the last quarter of 2015 which delayed the revenue generated by Australian operations, with significant one off costs, resulting in a direct effect on the bottom line result.
Please refer to the 31 December 2015 Preliminary Financial Statements for further information.
The Company today has more than 50% of its forecast 2016 revenue under contract or recurring. The acquisition of Condat at the end of 2015 has provided the Company with additional product and resources to enable it to execute on its strategy together with a more secure contracted revenue base.
Invigor has made a positive start to 2016 with contract wins for the Insights range together with increased downloads of its consumer product, Shopping Ninja. Currently the Insights Retail pipeline continues to grow with several major large scale and longer term contracts being finalised.
To view the full Half Year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IVO-909549.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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