Tech: engage:BDR set to book +150pc more revenue than last year

Adtech engage:BDR (ASX:EN1) is having another bumper month and expects its revenue for 2019 to be well over double what it was last year.

It’s going to be a very nice Christmas indeed for engage:BDR, which is already raking in four times the revenues it was in December last year.

In the first 21 days of December 2018, the company booked $426,000. So far in December this year it has made around $1.7m, notching revenue growth of about 300 per cent year-over-year.

This news gave EN1 shares an initial 9 per cent lift this morning to an intra-day high of 2.5c.

December revenue is also 14 per cent higher than November, and engage:BDR has hit its highest ever daily average revenue record of $100,000 since it first lit up the ASX boards two years ago.

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This has pushed full-year revenue up by $5.7m for 2019. Total consolidated revenue year-to-date stands at $17.1m.

In other ASX tech news today:

Regtech player Kyckr (ASX:KYK) has achieved ISO 27001 accreditation — an international risk-based certification designed to help organisations effectively manage information security by systematically examining an organisation’s information security risks. The company said having the accreditation was expected to fast track its discussions with key clients and partners.

Software company Corum Group (ASX:COO) revealed today it wasn’t expecting to be paid $2.2m in outstanding revenue from one of its investee companies before February 2020. The payment has been delayed due to an ongoing legal dispute, despite the Supreme Court in Victoria recently ruling the amount be paid. The parties have been ordered to mediation by the court to sort it out.

Workplace management software provider Damstra (ASX:DTC) has completed the acquisition of Scenario Advantage Workforce business from the Projection Group. Damstra expects the business to contribute around $1.3m worth of revenue each year to its business.

Cloud-based software business Urbanise.com (ASX:UBN) got a ~10 per cent share price bump this morning on news it had raised $2.3m from institutional investors. The placement was done at a “small premium” to the 30-day volume weighted average price of UBN shares. The news kicked shares up to 5.7c this morning.