DateTix Group Ltd. Reports Sales Results for Month-on-Month in February of 2017; Reports Earnings Guidance
March 05, 2017 at 04:27 pm EST
DateTix Group Ltd. reported sales results for month-on-month in February of 2017. Sales from company's premium matchmaking business has nearly tripled month-on-month to approximately $96,000 for the month of February 2017, an increase of 195% versus January 2017. Hong Kong matchmaking store recorded sales of approximately $66,000 in February 2017, up 287% versus prior month. Free cash flow profits of approximately $34,000 for the month generated by Hong Kong matchmaking store, resulting in a 52% free cash flow margin. 52% free cash flow margins achieved with Hong Kong matchmaking store utilisation rate at approximately 50% for February 2017.
Profit margins are expected to further increase as store utilisation rates increase towards long-term target of 90-100%.