iSignthis Posts Positive Cashflow for 2Q20, Major Revenue Driven From Online Video Gaming

  • Jul 31, 2020 AEST
  • Team Kalkine

iSignthis Ltd (ASX:ISX) declared business activity report and its 5th consecutive positive quarterly operating cashflow with $1.6 million quarterly result. Highlights include:

  • Unaudited operating NPAT stood at circa $660,000 for the first half 2020
  • Cash balances stood at $16.1 million at the end of 2Q20, with a decline of 1.3 million due to $1.5 million investment in NSX Limited during the period
  • Receipts from customers were down circa 20% from 1Q20 to $8.4 million while client funds held fell to circa $82 million in 2Q20
  • Unaudited revenue stood at circa $7.7 million and percentage of revenue obtained from online video gaming stood at 46%, followed by options/FX and credit providers at 13% and 9% respectively.

 


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