Revenue of approx. $73 million EBITDA of approx. $7 million, compared to the prior forecast of in excess of FY14 EBITDA of $5.2 million.
Combined with a strong Australian and NZ broadband business, we expect to generate improved revenues and earnings in FY16.
“We will continue to progress discussions and trials with our international M2M partners and in addition have several exciting Rural Broadband growth opportunities in the pipeline. Should any one of these translate into orders, they will be very significant for NetComm Wireless.”
Good to see a cracker of an anny released this morning and a longer term holding increase more than 12%. Patience will be rewarded. Plenty of things to look forward to in FY16! Good luck holders!
NTC Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held