Q4-FY22 Highlights
- Q4 Revenue hit a record
US$2.6m , up 5% pcp (prior corresponding period) - Advertising revenue hit a record
US$2.06m , down 7% pcp – relates to brands delaying and pausing campaigns due to macroeconomic conditions. 22% coming from new brands and 78% from existing brands. - Subscription revenue hit a record
US$480k , up 111% pcp - converting users to paying subscribers with recurring revenue - Monthly Active Users (MAU) hit 2.94m, up 13% on Q3 – Search Engine audience began to grow again, reclaiming lost ground in calendar 2021.
- Cash receipts at
June 30, 2022 was a recordUS$3.1m . Cash burn for Q4 was approximatelyUS$410k . Cash balance at the end of quarter was overUS$4.2m . Tinybeans intends on becoming cash flow positive. The Company expects to maintain a positive cash balance without raising further equity capital.
FY22 Highlights
- Revenue hit a record
US$10.9m , up 34% pcp - Advertising revenue hit a record
US$9m , up 31% pcp, won 17$100k deals vs 13 FY22 - Subscription revenue hit a record
US$1.5m , up 77% pcp - At 56% growth in direct advertising revenues, significantly outpaced single digit industry growth rate outside of top 4.
- Successfully retired Red Tricycle and (re)introduced one brand Tinybeans to ad market
- Grew National deal size from
$30k to$51k (+69%)
Tinybeans’ Chief Executive Officer,
“In FY22, we delivered revenue growth of 34% over the pcp, hitting
We are pleased to report that
As predicted, our audience from Search Engine Optimization (SEO) has begun to recover delivering growth in overall MAU, hitting just under 3M.
As the
We’re pleased to report that our cash burn for Q4 was
Advertising: We are on our way in FY23 to delivering double digit revenue growth in advertising, however this may be slower due to economic conditions. We will also continue to make strategic decisions to pull back on programmatic ad revenue to support growth in our subscription product.
Subscriptions: We have employed a new customer centric product strategy for FY23 aimed at restoring 5 star app ratings and rebuilding organic growth for the audience on the web, amongst other key growth drivers.
FY23 promises to be our most successful year yet. We are launching an array of new product upgrades that should support acceleration in our consumer revenues, and we aim to drive continued growth in advertising revenues.
While consumer trust continues to erode across many sources of information, inspiration and connection,
Q4 Earnings Presentation + 4C Cashflow Report Here
For more information, please contact:
E: investors@tinybeans.com
About
www.tinybeans.com
Source:
2022 GlobeNewswire, Inc., source