Tambla releases Appendix 4C Quarterly – 31 March 2019 (Q1)


18 April 2019

Australian intelligent workforce solutions company Tambla Limited is pleased to report a very solid start to CY 2019 with encouraging progress made for the
quarter ended 31 March 2019.

Tambla Reports Solid Q1 2019 Performance

  • Receipts from customers solid at ~$2.8m with recurring revenue sitting at 65% of total revenue
  • Operating cashflow positive at $253k for the quarter
  • Cash balance at $1.75m after completion of oversubscribed $1.25m
  • Convertible Note issue –gives Tambla the necessary financial flexibility to deliver further organic growth
  • EBITDA and Net Profit after Tax positive for the quarter reflecting continued focus on cost management, after commencing capitalisation of product upgrades
  • Substantial Infrastructure upgrade completed to the Sydney and Melbourne Data Centres
  • Commencement of new Marketing initiatives to accelerate the company’s current growth plans.
  • Tendering pipeline solid across government and private sector

The full 4C announcement can be read by clicking here

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