- 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
NEW YORK--(BUSINESS WIRE)--$GSW #bahrain--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.
James Richardson, Public Affairs Advisor
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