KNeoMedia starts new chapter

Published at May 2, 2016, in Technology

KNeoMedia has told shareholders that it is making excellent progress with the roll-out and further development of its edutainment channels in Australia, China, US and now the UK.

This rollout saw sales of $50,000 booked for the month of April and the Company feel this trend will continue despite recording only modest revenue for the previous quarter.

April revenue outstrips anything previously recorded and is seen as a direct result of the rapidly growing uptake of the product in key regions.

Following a recently completed capital raising of $812,000 the Board feels it is in a strong position to drive further revenue growth.

“While revenue to the end of the March quarter has been modest, the $50,000 revenue booked to for the month of April is extremely pleasing and demonstrates the uptake we are now achieving for our educational products in a number of key regions,” KNM CEO James Kellett said.

“As previously communicated to shareholders, through the ongoing roll-out and continuing channel marketing strategy that we are undertaking for our edutainment products in major markets, we are confident that KNeoMedia will create meaningful revenue streams across a variety of platforms.”

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