Tinybeans sprouts record growth, one year on from IPO

It's been little over a year since Tinybeans listed on the ASX and now the company, an 'online scrapbook' where parents can securely share and save memories of their kids, has achieved record growth.

In a preliminary statement to the market, the company revealed a 63 per cent revenue increase over FY17 to hit a total of $1.78 million in FY18.

The fourth quarter alone represented a 195 per cent increase on the prior corresponding period, and a 43 per cent increase on 3Q18 achieving a total revenue of $582,000.

Tinybeans CEO Eddie Geller says the company was buoyed by impressive growth in advertising revenue, after it booked several high-profile advertisers throughout FY18 including The Walt Disney Company, Walmart, Macy's and General Motors.

"We are delighted to report a record performance for Q4 and FY2018," he says.

"We are encouraged by our growth in user numbers to over 2.5 million registered users and the complementary increase in advertising revenues as our key partnerships begin to deliver."

The company is still in its relative infancy on the ASX and Geller says its current focus is to build strong connections with its customers and reach profitability. Read more

Paris Faint - Business News Australia - 23 Jul 2018