Crowd Media Records Near-breakeven Position for H1-FY2020

  • Feb 06, 2020 AEDT
  • Team Kalkine

After incurring significant losses for two consecutive financial years, global media and marketing company, Crowd Media Holdings Limited (ASX:CM8) announced its near-breakeven position for the first half of FY2020 at the underlying EBITDA level-

  • The Company’s revenue was $8.5m
  • Revenue has been stable for the final 4 months of H1-FY2020
  • The much anticipated and revenue generating strategic alliances with London Labs and I Am Kamu, which are new DTC initiatives, begin in February

The stock soared by a significant 50% as at 1:13 PM AEST and is priced at $0.030 on the ASX.

 

 

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