Close Menu

Share with your friends

Close

Collaborate Corporation (ASX: CL8)

Following rapid growth of the company’s DriveMyCar platform, Collaborate Corporation (ASX: CL8) is approaching that all important milestone of cash flow positivity.

Driving its growth is a heavy focus on doing deals for DriveMyCar with much bigger companies including Subaru, Aon, Orix and Uber.

In fact, since signing a deal with Subaru, every Subaru in the CL8 fleet has been utilised on the DriveMyCar platform.

It is these types of deals which have really put CL8 on the fast track to significant market share in burgeoning peer to peer economy.

In a similar way to Airbnb and Uber, CL8’s tech platforms facilitate trust in the sharing economy, and the company’s recent numbers speak for themselves.

Here is a company that has reported 90% increase in Net Rental Days Booked for the March Quarter to over 20,000 days; 77% increase in Net Rental Days booked in March compared to February; 13% increase in gross revenue for the March quarter, with more to come for June and a 265% increase in Net Rental Days booked for UberX.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With no debt and a significant amount of cash to come in via exercised options, CL8 is in a strong position to chase additional strategic partnerships.

So who will be CL8’s next Uber, Subaru or Orix and push this company forward with even greater velocity? At the speed CL8 is moving, it won’t be long until we find out..

 

Latest Article

CL8 Accelerates Growth: 265% Increase for UberX Rentals

Collaborate Corporation (ASX: CL8) looks to be experiencing more momentum than a Subaru rally car on a flat track to the finish line. There are several reasons for this, most notably is the acceptance of the sharing economy as a new way to do business and live life in general – think industry leaders Uber and Airbnb, which are now household names.

Apr 20, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

[gravityform id="31" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.
[gravityform id="31" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.