Tambla – 4C Quarterly Report Q4 2019

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31 January 2020

Tambla Delivers Fourth Consecutive Positive Operating Cashflow Quarter

  • $1.3 million operating cashflow surplus recorded for CY2019 ($993,000 for the quarter) – the first time the Company has achieved four positive operating cashflow quarters for the past decade
  • Achieved after capitalisation of development costs – $691,000 for the quarter and $2.08 million for the year
  • Quarterly cash receipts improved at $3.1 million
  • Growing overseas recurring revenues from Tambla-PayCE with five US based customers and expansion of Canadian based customer with Tambla-Rostima
  • Robust business development pipeline continues to grow, with project underway for key new customer in the local government sector
  • New Global Customer Support Desk went live, which provides 24/7 customer support for Tambla’s product suite
  • Company achieves ISO 27001 re-accreditation
  • Chris Fydler appointed Managing Director after 2 ½ years as CEO

The full 4c Announcement can be viewed here

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