Urbanise.com Limited Reports Revenue Results for the First Half of Fiscal Year 2017; Provides Earnings Guidance for the Financial Year Ending June 30, 2017
The company provided earnings guidance for the financial year ending June 30, 2017. The company is currently forecasting revenues of between $9 million and $14 million. $4.6 million of the fiscal year 2017 revenues are expected to be generated from already contracted recurring revenue. $4.0 million of the fiscal year 2017 revenues are expected to be generated from customers that have recently conducted trials and/or small scale deployments, and whom have a stated intention to conduct roll-outs within the 6 month period to June 30, 2017. Up to $5 million of the fiscal year 2017 revenues are expected to be generated from new customers currently under various stages of business development and approximately $0.4 million is expected to be received as other income.