GetSwift Announces 15th Consecutive Quarter of Revenue Growth
30 July 2020 - 11:06PM
Business Wire
- GetSwift posted 45% sequential increase in revenue over March
quarter
- GetSwift posted 800% year-over-year increase in revenue from
2019
- 31X Revenue Growth Over 24 Months & 200X Growth since
listing December 2016
GetSwift Limited (ASX: GSW) (‘GetSwift’ or the
‘Company’), a leading provider of SaaS logistics technology, posted
its June 2020 quarterly results, indicating a 15th consecutive
quarter of revenue growth.
The Company posted a 45% sequential increase in revenue and
other income totaling A$12.6 million versus the previous quarter
and an 800% increase compared to the same quarter last year. The
Company has been able to achieve a 31X revenue increase over the
last 24 months, and 200X revenue growth since listing in December
2016. The Company believes that on the metric of percentile
increase of revenue growth, it is among the top performers on the
Australian Securities Exchange.
GetSwift CEO Bane Hunter said, "Despite the challenges we have
had in front of us and clearly external interests that would rather
see the company, its shareholders and its key management not
succeed, we have quarter after quarter proven our critics wrong. We
are extremely thankful to our current shareholders, our partners,
the U.S. government and our staff in supporting us as we deliver
essential services to a wide network of businesses and individuals.
The validation for us is seeing a broad range of increased jobs
being created and retained as a result of these efforts. We will
continue to strive to pursue these goals and will seek to take
appropriate actions at the right time for the benefit of our
shareholders, the company, our partners and other aligned
entities."
About GetSwift Limited
Technology to Optimise Global Delivery Logistics
GetSwift is a worldwide leader in delivery management
automation. From enterprise to hyper-local, businesses across
dozens of industries around the globe depend on our SaaS platform
to bring visibility, accountability, efficiency and savings to
their supply chain and “Last Mile" operations. GetSwift is
headquartered in New York City and is listed on the Australian
Securities Exchange (ASX:GSW). For further background, please visit
GetSwift.co.
GetSwift is an emerging growth company and is subject to a
variety of risks. The Company is not yet profitable, and there can
be no assurance that it will achieve profitability. The Company's
business and a variety of investment considerations are discussed
in more detail in the Company's filings with the Australia
Securities Exchange (ASX). Investors are encouraged to review the
more complete information contained in such filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20200730005583/en/
Media enquiries: James Richardson, Public Affairs Advisor
james.richardson@dentons.com +1 202-408-9160
Investor enquiries: investors@getswift.co
Company Secretary: Julian Rockett:
julian.rockett@boardroomlimited.com.au +61 2 8016 284
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