MP1 1.80% $13.55 megaport limited

Just briefly looked at the numbers presented over the past six...

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    Just briefly looked at the numbers presented over the past six months. I hope Dinyang is correct as that would be nice and the stock may go for a little ride on the upside if so. 


    In June end 18, we had $2m monthly recurring revenue. ~$500k from US which has roughly doubled (100% growth). So that creates a floor of $2.5m (one would think). As dinyang points out we were at $2.4m at end of Sept and likely not all that growth attributable to the US at that time. On the basis that we were doing $900k MRR in AsiaPac as at June and $600k in Europe, we need 33% growth in both those regions in order to hit $3m MRR overall.  There were some releases in the quarter re a partner in Dubai Orixcom and Linx in Russia...while revenue likely to lag these could help with Europe. Then there would be growth from existing partners. In Asia, the two key announcements in the quarter were STT and OneAsia - also likely to lag but hopefully helped to achieve that 33% required to tick over $3m MRR. 


    We know the ceiling for MRR is likely to be $4m as MP1 would have announced doubling of recurring revenues everywhere if that was the case and as SW points out....NA growing much faster than other regions at this point. 


    So I think MRR will be very close to $3m. We could then also have some one off revenue as well. 


 
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