MONEYME (ASX:MME) achieves record revenue of $25m
MONEYME (MME) increased revenue by 108 per cent year-on-year in the three months ending December 31, 2021, according to unaudited preliminary management results.
Revenue for the quarter totalled a record $25 million, which is a notable rise from the $12 million reported in the December 2020 quarter and a slight increase from the $23 million in the September 2021 quarter.
Returns were strong with the average receivable term increasing to 47 months compared to 41 months in the previous quarter.
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The average receivable size increased to $16,622 which thereby increased contract revenue value to $178 million — a 44 per cent uplift on the $124 million in the September quarter.
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