- Digital advertising company engage:BDR (EN1) has exceeded last year’s March revenue in the first 12 days of this month
- engage says the first fortnight of revenue in March is already over $1 million, which over three times higher than this time last year
- The mid-March results also show a 29 per cent improvement over last month
- March 2020 is expected to result in similar revenue as December last year, the largest revenue month and busiest season of 2019
- engage is up 12.5 per cent on the market this morning, trading for 1.8¢ apiece
Digital advertising company, engage:BDR (EN1) has exceeded last years March revenue in the first 12 days of this month.
The company has updated the market on its trading activity for March 2020, comparing it to the previous corresponding period in 2019. In this update, all figures are unaudited.
engage says the first 15 days of revenue in March has already hit $1.06 million, which is 310 per cent higher than last year.
The mid-March results also show a 29 per cent improvement over last month.
March 2020 is expected to result in similar revenue as December 2019, the largest revenue month and busiest season of 2019.
Management is expecting the preliminary gross margin to be significantly stronger, around 43 per cent compared to 36 per cent in January 2020. Additionally, revenue is expected to be within 10 per cent of the December 2019 result.
Earlier this week, engage:BDR told its shareholders its business operations will be immune to COVID-19.
The company said it “moved mountains” in 2019, but is already smashing records in 2020. It has achieved its strongest first quarter since ASX listing.
engage is up 12.5 per cent on the market this morning, trading for 1.8¢ apiece at 11:24 am AEDT.