XTD posts full year results, shares rise

Chris Pash
By Chris Pash | 1 September 2020

Commuter and place-based advertising group XTD posted an 8% rise in revenue to $2.89 million for the year to June.

The group reported a net loss of $72,000 but EBITDA was 164% higher at $447,000.

Shares in XTD were trading 10% higher at $0.052 on the ASX.

In the annual report, CEO Adam Cadwallader says the company has been reset, preparing for growth in out-of-home/place-based and adtech sectors. 

"The XTD business is evolving as a truely different digital marketing and media company," he says.

"Our business model has the capacity to reach substantial audiences in niche environments." 

XTD's sales arm Motio in June won the national agency and programmatic sales rights to Swift Media’s health and wellbeing screen network.

Also in June, Motio was awarded the exclusive five-year media sales rights to the Caltex in-store digital screen network.

The company has 45 large format digital screens as part of the Metro Trains Melbourne network and Queensland Rail within the premium CBD stations of Melbourne and Brisbane, sold exclusively by JC Decaux.

Earlier this month, XTD launched a rights issue at $0.039, to raise $1.2 million for expansion.



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