16th Jan 2017 09:29
LONDON (Alliance News) - Myanmar-based mobile app developer MySQUAR Ltd said Monday its number of registered users has exceeded 7.5 million.
MySQUAR said the figure was an increase of more than 25% from approximately 6.0 million registered users on October 14, 2016.
"MySQUAR's user base has been steadily increasing along with the full release and soft launch of various apps and games, including CallHome, Fastsell and ChakraNinja," said Erich Schaer, chief executive officer of MySQUAR.
"While the user acquisition rate has been a valuable metric at the onset, going forward MySQUAR expects to focus on monetisation and revenue updates that represent better indicators of growth," added Schaer.
Shares in MySQUAR were up 1.3% at 1.90 pence Monday morning.
By Adam Clark; [email protected]
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