We are pleased announce our Q2FY19 results and operating update for the quarter ending 31st January 2019.
For full results published to ASX check out the “CV1 Maiden Cashflow Positive Quarter” and announcements which can be found on our investor page here.
“We are pleased to have achieved our maiden cash flow positive quarter, which is a direct reflection of the growing stability within the Company’s revenue base. Our efforts to prudently manage costs and drive efficiency gains across the business delivered significant improvements during the quarter, and we expect to see the full extent of these initiatives continue to flow.
across a heavily fragmented sector, with a specific focus on strengthening revenue quality and diversification.
Driving organic growth within our B2B division remains a priority and that is delivering significantly higher margins and ROI, which were reflected in the December quarter.
CV1 is also continuing to roll out the automation of our entire product suite and we expect this to add significant value and improved scalability over the coming months. Strong growth in corporate client engagement resulted from the successful launch of our automated reference check platform and our open API continues to provide new business opportunities.