Edtech company Schrole Group (ASX: SCL) has gained ground today on news of continuing strong sales across its suite of products and services.
Since launch of ISS-Schrole Advantage last month, the ASX-listed company has secured sales to 140 international schools and over 1,100 Premium teacher candidates with total amount invoiced of over US$1.1m since launch. This income shared between ISS and Schrole under the Alliance Agreement.
The number of international schools using the Advantage platform is now 293 – a year-on-year increase of more than 140% compared with the number of schools that were utilising the now superseded Schrole Connect platform in October 2017.
With further ISS renewals being received on a daily basis, the Alliance is well on the way to its expected initial 380 international school clients.
Schrole’s Managing Director Mr Rob Graham said the strong sales reflected the outstanding efforts of Schrole staff and their focus on delivering high-quality products and services to clients.
The ISS-Schrole Alliance is clearly a significant driver of growth for the Company and we are exceptionally pleased with the positive sales outcomes delivered from Advantage,” he said.
“As a business we’re determined to continue to drive growth by keeping our products and services at the forefront in their respective markets, and seeking further growth opportunities as they’re identified.”
Schrole continues to see strong growth in Schrole Cover with total number of active licences as at 24 October 2018 totalling 164 – a year-on-year increase of 45%.
Schrole has confirmed the appeal and potential of its Schrole Cover fast-fill relief staffing platform in the health sector by signing up two new Western Australian hospital clients – Perth Children’s Hospital and Fremantle Hospital – to join Schrole’s existing hospital client, Sir Charles Gairdner Hospital. The total value of these two new contracts is approximately AU$30,000.
Schrole is actively pursuing its pipeline of opportunities with other hospitals and healthcare providers across Australia on the back of this contract success.
Meanwhile, Schrole ETAS is now generating strong momentum in the provision of training services, achieving its strongest sales in August and September 2018 for more than two years.
This has been underpinned in particular by Schrole’s major public and private sector clients seeking to upgrade their training qualifications – including WA state and Australian federal government agencies and several large Western Australian iron ore mining producers.
Shares in Schrole were trading 0.1c or 7% higher at 1.5c on Thursday.