GeoOp lifts revenue, customer base in first quarter

Mon, 19 Oct 2015

By Tina Morrison Oct. 20 (BusinessDesk) - GeoOp, the workforce management app developer, increased revenue and added customers in the first quarter of its financial year as it strives to turn a profit. The Auckland-based company had 20,890 licensed users at Sept. 30, up from 19,009 at June 30 and 13,370 a year earlier, it said in a statement. Average revenue per licensed user increased 14 percent to $74 a year, it said. GeoOp said it has $3.9 million of net cash on its balance sheet following a recent capital raising, which will help f...

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