Sign up Australia
Proactive Investors - Run By Investors For Investors

MyFiziq body measuring and tracking application attracts first revenue

Partners pay to have the app ready for launch in early 2018.
Exercise
The company has secured partnerships with leading online fitness networks

MyFiziq Ltd (ASX:MYQ) has received first revenue from its online technology designed to measure the body and track progress over time.

The company has received $188,560 in revenue during the current quarter.

Early revenue is from partners paying MyFiziq to complete their app builds ready for launch in early 2018.

Revenue is expected to increase substantially as tens of millions of potential subscribers start accessing the apps.

Three major partnerships

The company has signed partnerships with the large U.S.-sourced fitness apps Fitocracy and FitLab LLC’s Mayweather Boxing + Fitness as well as with Indian sports business identity Ravi Krishnan.

Fitocracy is an online fitness and social network that aims to help its more than 2 million users improve fitness and wellness.

It is among the world’s top 5 social fitness platforms.

The agreement will see MyFiziq’s body shape tracking app integrated into Fitocracy’s fitness community and personal coaching app.

FitLab will integrate MyFiziq’s app into Mayweather Mobile and deliver it to Mayweather’s fans and the broader fitness enthusiast community.

Mayweather has 41 million social media followers in aggregate.

In India, MyFiziq will integrate its platform into a number of health, fitness, wellness and sporting organisations that Krishnan advises.

Revolutionary technology

MyFiziq is a revolutionary technology embedded in a partner’s app that uses pictures from a smart phone to create a representation of a human body in the form of a 3D avatar.

This provides accurate circumference measurements of specific areas, such as chest, waist, hips and thighs that can be stored and tracked over time.

Body measurements that track changes in shape or size of the body provide additional and often more useful information than simply measuring weight or BMI.

View full MYQ profile View Profile

MyFiziq Ltd Timeline

Newswire
December 08 2017

Related Articles

Vault online software in the cloud image
August 08 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.
Mexican flag
March 26 2018
PLCs in emerging markets no longer have to find someone to promote their company to overseas investors

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use