BIG REVIEW TV GOES BIG
Written on the 15 June 2016 by Sydney Business News
THE SYDNEY company behind the world's first video review platform is expecting its sixth consecutive quarter of growth.
Big Un Limited (ASX: BIG), the parent company of Big Review TV, expects to exceed March quarter cash receipts by at least 27 per cent for the June quarter.
Big took in $1.18 million in the March quarter.
The company is leveraging off its Big Review TV platform, which allows for online video reviews. It's been targeting Australian SMEs over the last few quarters to prove 'the video revolution is no longer exclusive to the big companies'.
Big Review TV creates training and corporate videos for a quarter of the average cost as well as delivering a toolkit so videos can be mixed and matched for social and corporate presentations.
The business has produced over 16,000 videos in just 14 months, making it the largest producer of videos in Australia.
Brandon Evertz, executive director of Big Un Limited, says it's only been up since the company commenced trading on the ASX in December 2014 and the company is on a hiring streak to meet demand.
"We will continue to add to our sales teams throughout 2016 as our sales initiatives continue to perform," says Evertz.
"Our enterprise partnerships have also proven to be a valuable asset to the business and key in driving the growth of our subscriber member base and we expect to continue to secure additional partners in the coming months."
The cash revenue run rate for Big is now expected to exceed $6 million on an annualised basis, $2 million greater than the last estimation three months ago.
Big currently has a database of 21,000 SMEs.
Author: Sydney Business News Connect via: Twitter