YYForce reports 26.8% revenue growth in first half

• YYForce Inc. posted first-half revenue of $32.7 million and revenue growth of 26.8%.
• Net loss came to $7.06 million, while operational loss was $5.21 million.
• Cash stood at $3.08 million and total equity at $25.36 million.

Profitability

YYForce Inc. reported gross profit of $3.3 million and a gross profit margin of 10.1%. The company also reported an operational loss margin of 15.9% and a non-IFRS operating loss of $2.74 million.

YYForce reports 26.8% revenue growth in first half

It also posted a net loss on convertible notes of $2.62 million and a net gain on warrant liabilities of $1.73 million.

Business Metrics

YYForce Inc. said manpower outsourcing revenue was $15.55 million, IFM revenue was $16.06 million, and average revenue per customer was $73. It had 218 customers and 212 employers, with a job fulfillment rate of 92%.

The YY Circle app had 35,743 monthly active users and 998,575 downloads. Total liabilities were $12.66 million, a 39% reduction, and working capital was $11.9 million.

Balance Sheet

Total equity was $25.36 million, cash was $3.08 million, and net loss was $7.06 million. First-half revenue came to $32.7 million.