PropTech Group Q4 Shows Continued Growth of ARPA in Core Australian Market and 74% Yearly Revenue Growth

August 2, 2022
Share this Post: 

The ASX-listed property technology company PropTech Group (PTG) has released its report on Q4 activities of the Australian financial year. Highlights of PTG's operations for the three months ending June 30th include:

  • Cash receipts of A$5.4m, an increase of 33% over the same quarter in the previous year.
  • Revenue was up 74% year-on-year over the course of FY22
  • Positive net cash flows from operations of A$0.7m.
  • Strong cash balance of A$14.2m as at 30 June 2022.

Also pleasing for the company was the growth in Average Revenue Per Agent which rose to A$267, an increase of 27% on the corresponding period.

Ptg Arpa 020822

Commenting on the results, Group CEO and Managing Director, Joe Hanna said:

"The Fourth Quarter’s strong financials demonstrate the continued strong growth of the PropTech Group. We have delivered an annual growth in cash receipts of 74% to $21.4m for the full 2022 financial year. In addition, our net cash flow from operations for the full year increased by 136% over the full 2021 financial year."

"This Quarter was also important for the PropTech Group because of the earlier-announced strengthening of the management team. The moves will more tightly knit together our subsidiary businesses, and we expect to see positive results from the changes beginning in the upcoming Quarter."

The PropTech group is a leading provider of CRM software for agents in its native Australia as well as in New Zealand and The United Kingdom. Since acquiring MyDesktop from Domain and relisting on the ASX in 2020, the company has expanded its suite of products and now offers agents the VaultRE and Eagle CRM systems as well as website development and servicing platform Website Blue, which the company acquired in 2021.

August 2, 2022
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick