Marley Spoon AG Reports Strong Quarter

  • Oct 31, 2019 AEDT
  • Team Kalkine

Marley Spoon AG (ASX: MMM) has released quarterly activities report for the quarter ended 30 September 2019. It has also notified that $22 million debt capital would be raised to fund next stage of growth.

  • Q3 2019 revenue increased 38%, and YTD revenue increased 49% over pcp, excluding FX impacts.
  • Operating EBITDA improved ~€2 million over the year.
  • Operating cash flow improved to negative €6 million compared to negative €11 million in Q3 2018.
  • It is expected that CY 2019 revenue to be up 35% to 40% in Y-o-Y terms.

By 2:09 PM AEST, MMM was trading at $0.43, up by 13.15% relative to the last close.

 

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