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Total Brain

ASX:TTB New Revenue Streams Emerging

608 Views29 Feb 2020 10:20
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SUMMARY

Total Brain (ASX:TTB) is the developer of a neuroscience-based mental health & fitness platform powered by the largest standardized neuroscientific database in the world formed over almost two decades and with $50m of R&D funding. Total Brain has reported a 98% increase in H1FY20 revenue over H1FY19 to $2.2m, ahead of our forecast for $2.1m in half year revenue. The net loss for the period was $3.9m, a reduction of 13.4% on the previous corresponding half. Total Brain invested in human capital in the half with employment costs rising 32% in the half. We had factored in a 16% rise in staff costs in the first half and 34% growth in 2H FY20. Importantly, the result demonstrated strong growth in new revenue streams from Affinity partners, clinics providing access to Total Brain’s platform to their clients, and academic institutions and other parties wanting to licence Total Brain’s data assets. We anticipate that the next six months will see further development in these new revenue streams, in particular, from Affinity partners as IBM rolls out its Thrive 360 program with Total Brain at its core to US veterans.

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  • ASX:TTB New Revenue Streams Emerging
    29 Feb 2020

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