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- AppsVillage (APV) has experienced accelerated growth in the December quarter and has provided an updated guidance for Q4 2019
- Monthly recurring revenue is expected to total $105,000 at the end of December – representing a 200 per cent increase compared to the same time last year
- The company expects to deliver at least a 45 per cent increase in the number of paying customers for the December quarter
- AppsVillage provides an easy and inexpensive solution that allows small-to-medium businesses to create and manage their own mobile application to connect with customers and grow the business
- AppsVillage is currently up a healthy 65.8 per cent with shares trading for 31.5 cents apiece
AppsVillage (APV) has experienced an acceleration in growth in the December quarter and has provided an updated guidance for Q4 2019.
Monthly recurring revenue is expected to total approximately $105,000 at the end of December 2019, representing an increase of over 50 per cent on the previous quarter and 200 per cent compared to December 2018.
AppsVillage expects to deliver at least a 45 per cent growth in the number of paying customers for the December quarter, compared to the prior quarter.
This exceeds the previous guidance of at least 40 per cent growth expected as announced in the Commercialisation Update on November 19.
This growth is exciting for AppsVillage going into 2020 and has been delivered faster than expected following the roll out of the company’s expansion into emerging markets such as Malaysia, India, the Philippines and multiple countries in Africa.
AppsVillage provides an easy and inexpensive SaaS (software as a service) solution that allows small-to-medium businesses to create and manage their own mobile application as a way of connecting with customers and growing the business.
The technology boasts the automated design, development, maintenance and marketing of mobile apps.
It allows users to build, preview and launch their own app without any code writing or digital marketing knowledge.
Once the app is created users and creators will be able to chat with customers, send push notifications, schedule appointments and offer exclusive deals.
AppsVillage is currently up a healthy 65.8 per cent with shares trading for 31.5 cents apiece at 12:31 pm AEDT.
