iSignthis: Extreme Growth Continues…with Free Cash Flow
- Actual Annualised GPTV exceeds A$1.9bn (Up↑ 360% from 30th June)
- Operating Cashflow Positive (Q3) : $1.067m (FCF)
- Cash Receipts : $8.326m UP↑ 38.5% QoQ from $6.01m (Q2 2019)
- 3Q2019 Revenues $8.58m UP↑ 36% from $6.3m 2Q2019
- 3rd QTR 2019 Revenues $8.58m UP↑ 5% on 1st HALF 2019 Revenues : $8.173m
- Cash Security $1.44m lodged with Visa Inc for licensing
- Cash at Bank (End Q3): $12.2m UP↑ 23% from Q2 ($9.9m)
- Client Funds held : $75m UP↑ 114% from Q2 ($35m)
- MSF% (averaged over Q1-Q3) greater than 125bps
iSignthis has presented its results at the Goldman Sachs Annual Tech Day in Sydney.
The opening remarks of Mr. N J (John) Karantzis CEO – iSignthis Ltd (ASX : ISX || FRA : TA8) to the Goldman Sachs Tech Day Conference were:
“As you are no doubt aware, iSignthis – like so many companies in the FinTech space – is in the midst of a regulatory inquiry.
To date we have answered questions ranging across such diverse subjects as our EU licences, our audited revenue figures and our shareholders to Bitcoin, binaries and our old bank.
What I can tell you today is that we are actively engaging with the regulators and we are yet to see a question that gives our board or our executive team any cause for concern about our continuous mdisclosure, our due diligence or our business operations.
We will keep our shareholders updated as we are able, but our priority now is to answer questions from regulators and help them understand our business and what we do.”
The outlook for the Company continues to be extremely positive, with growth prospects in the EU looking favourable well into the future.
Click on Appendix 4C results to read the operational update as at 24th October 2019.
iSignthis is listed on the ASX and Frankfurt Stock Exchange.
The Company provides payments, eMoney, IBAN addressable stored value accounts and KYCC identity verification services across multiple jurisdictions.
iSignthis is authorised as an EEA authorised Monetary Financial and Payment Institution, with license to issue emoney, IBAN bank accounts, and operate transactional banking and card services across Europe. These services will soon also be available in Australia.
The Company operates a sophisticated & patented anti-money laundering and anti-fraud system that also provides transactional security to business and retail customers.
iSignthis’ inhouse developed ISXPay®, Paydentity™, Probanx® CorePlus and CoreConnect platforms allow us to deliver services to merchants and retail customers.
AU Investor Relations:
Chris Northwood, e : firstname.lastname@example.org, +61 (0) 458 809 177
EU Investor Relations:
Dr. Eva Reuter, e : email@example.com,+49 (0) 69 1532 5857