Monaker Group, Inc. (MKGI) Files Form 10K for Fisc
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Posted On: 06/23/2016 4:53:56 PM
Monaker Group, Inc. (MKGI) Files Form 10K for Fiscal Year 2016
Earlier today, Monaker Group, Inc. (OTCQB: MKGI) announced the filing of its Form 10K for the fiscal year ended February 29, 2016. In addition to reporting a 66.3 percent year-over-year increase in travel and commission revenue, the form highlighted the ongoing business evolution of Monaker Group. In late 2015, the company implemented a strategy designed to accelerate its travel sales through Maupintour, and the early results from these efforts paint a promising picture for shareholders. Within the first months of 2016, Monaker surpassed its revenues for the entirety of 2015, and a dramatically strengthened balance sheet, which includes current liabilities of just $3.03 million (as compared to the $12.1 million reported the previous year), positions the company to build on this start throughout the balance of this year.
To view the company’s Form 10K, visit http://dtn.fm/A4uby
In addition to its growth through its Maupintour subsidiary, Monaker has made considerable progress in recent months toward the development of its next generation NextTrip travel platform. In February, the company introduced a beta of the new platform, and its management team has spent the last 10 weeks preparing the site for full commercial launch. Notably, Monaker has already secured an alternative lodging rental (ALR) inventory in excess of 1.1 million listings for the NextTrip platform, putting it on pace with established industry leaders such as HomeAway, which was recently acquired by Expedia (NASDAQ: EXPE), in terms of inventory.
“With the rapid increase in ALR inventory and the development of the next generation NextTrip.com platform, Monaker is in a stronger position to effectively compete and excel in the vast and lucrative alternative lodging market,” Bill Kerby, chairman and chief executive officer of Monaker, stated in today’s news release.
NextTrip will include integration of Monaker’s state-of-the-art booking engine, allowing consumers to comprehensively search vacation destinations for lodging products, as well as supplementary products such as flights, rental cars and tour activities. According to today’s update, the company’s innovative platform can also be integrated with channel partners in order to broaden distribution and accelerate financial growth.
Look for Monaker to build on its strong revenue growth in 2015 through the impending launch of its NextTrip booking platform. With roughly 53 percent of all travel now being booked through online travel agencies, according to a report by the University of Iowa (http://dtn.fm/4lgiD), and a strong U.S. dollar spurring increased overseas tourism, Monaker’s latest foray into the travel industry could be set for a favorable launch in the near term.
For more information, visit www.monakergroup.com
Please read full disclaimers at http://disclaimer.missionir.com
Earlier today, Monaker Group, Inc. (OTCQB: MKGI) announced the filing of its Form 10K for the fiscal year ended February 29, 2016. In addition to reporting a 66.3 percent year-over-year increase in travel and commission revenue, the form highlighted the ongoing business evolution of Monaker Group. In late 2015, the company implemented a strategy designed to accelerate its travel sales through Maupintour, and the early results from these efforts paint a promising picture for shareholders. Within the first months of 2016, Monaker surpassed its revenues for the entirety of 2015, and a dramatically strengthened balance sheet, which includes current liabilities of just $3.03 million (as compared to the $12.1 million reported the previous year), positions the company to build on this start throughout the balance of this year.
To view the company’s Form 10K, visit http://dtn.fm/A4uby
In addition to its growth through its Maupintour subsidiary, Monaker has made considerable progress in recent months toward the development of its next generation NextTrip travel platform. In February, the company introduced a beta of the new platform, and its management team has spent the last 10 weeks preparing the site for full commercial launch. Notably, Monaker has already secured an alternative lodging rental (ALR) inventory in excess of 1.1 million listings for the NextTrip platform, putting it on pace with established industry leaders such as HomeAway, which was recently acquired by Expedia (NASDAQ: EXPE), in terms of inventory.
“With the rapid increase in ALR inventory and the development of the next generation NextTrip.com platform, Monaker is in a stronger position to effectively compete and excel in the vast and lucrative alternative lodging market,” Bill Kerby, chairman and chief executive officer of Monaker, stated in today’s news release.
NextTrip will include integration of Monaker’s state-of-the-art booking engine, allowing consumers to comprehensively search vacation destinations for lodging products, as well as supplementary products such as flights, rental cars and tour activities. According to today’s update, the company’s innovative platform can also be integrated with channel partners in order to broaden distribution and accelerate financial growth.
Look for Monaker to build on its strong revenue growth in 2015 through the impending launch of its NextTrip booking platform. With roughly 53 percent of all travel now being booked through online travel agencies, according to a report by the University of Iowa (http://dtn.fm/4lgiD), and a strong U.S. dollar spurring increased overseas tourism, Monaker’s latest foray into the travel industry could be set for a favorable launch in the near term.
For more information, visit www.monakergroup.com
Please read full disclaimers at http://disclaimer.missionir.com
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