Urbanise com Ltd V.UBN

Primary Symbol: UBNSF

Technology Software - Application

Urbanise.com Limited is an Australia-based provider of cloud-based Software as a Service (SaaS) platforms for property management, specifically strata and facilities management. Its segments include Strata and Facilities. It specializes in delivering cutting-edge proptech solutions through its two platforms: Urbanise Strata and Urbanise FM. The Strata platform manages the communications and accounting functions for apartment buildings, strata commercial towers and large housing communities. The Facilities Management platform manages the repair and maintenance for infrastructure, buildings, residential and commercial properties. Urbanise Strata serves strata managers in administering strata schemes and jointly owned properties. Urbanise FM software aids facilities managers in property asset maintenance and contractor supervision. Its client base spans across 17 countries with over 600,000 lots managed on Urbanise Strata and 2.2 million assets managed on Urbanise FM.

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Urbanise com Ltd > informative article from feb 2016

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Comment by LauraDoveron Sep 04, 2016 7:44pm

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Post# 25207204

RE:informative article from feb 2016

Anyway, still trying to figure this out. According to the June 30 2016 MDA on Sedar, in March 2015, they had reached 1800 residential units at launch. In Dec 2015 they near-doubled that to 3500. By April 2016, there were 5400 residential units. And by July 2016 19% penetration of residential buildings on-net over 12 months = 6496 units. (Which cannot be the complete count, as the Aug 31 press release said that there was a 40% increase in "residential units added" from Q1 to Q2)

So that doesn't make sense w/r to the "informative article", as they had exceeded 2000 customers already at the end of 2015. I guess that they meant 2000 additional customers?

(Sorry if any of this is boring or obvious ... just still trying to figure out what the magic number of residential units is for breaking even)

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