MP1 0.14% $14.04 megaport limited

Overall very positive announcement. Makes no sense why the big...

  1. 472 Posts.
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    Overall very positive announcement. Makes no sense why the big drop early this morning.
    I expect this to course correct very soon. Hopefully by end of day, if not tomorrow.

    Key highlights:
    - Reported revenue of $49.5 million, which is up $11.4 million or 30% year on year. This lifted its annual recurring revenue metric to $199 million.
    - EBITDA almost doubled. $14 million from $7.3 million a year earlier.
    - Net cash flow for the three months was $13.4 million.
    - Net cash position of $59.2 million. This is up from $45.8 million at the end of December.
    - Upgraded its earnings guidance for the full year

    GLTAH
    Last edited by chase007: 29/04/24
 
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