BRUSSELS: The 2016 fiscal year was a busy year for Moovly with a number of key strategic objectives and achievements.
In addition to funding and technology advances, user activity levels on the Moovly platform increased significantly in 2016 with the number of logins up by 343% and the number of Moovs (videos) up by 266% as compared to the 2015 fiscal year.
Revenues also increased in 2016 with month on month revenues up by over 150%, direct revenue (corporates and professional services) up by 187% and calendar year revenue up by 147% as compared to the 2015 fiscal year.
Large blue chip corporations (>300 of the Fortune 500) began adopting Moovly in the 2016 fiscal year. In addition, Moovly has started to be adopted as an official and mandatory part of the curriculum of organizations in the educational sector.
The Company also added a dedicated sales and marketing team in the second half of the 2016 fiscal year as it prepares for growth in 2017. Processes and technological requirements were identified and put in place to drive further growth and be ready for scalability on the e-commerce side in 2017.
Brendon Grunewald, CEO of Moovly, stated, “The 2016 fiscal year was an important year for Moovly with the focus primarily on the company’s public listing and associated funding and the need to replace our original platform and bring out some industry leading products in preparation for 2017. The 2016 fiscal year also saw the company significantly expand its sales and marketing team, systems and processes in preparation for 2017. The company is thus well positioned both technically and commercially for further advances in our offering to, and traction in, the market.”
