NEWSAT LIMITED - RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2009
* Revenue from ordinary activities - up 21% or $2.03m to $11.9m for the period;
* Monthly Recurring Revenue Charge (MRC) has increased $0.3m (or 17%) from July 2009 to $1.97m as at December 2009;
* Gross Margin up 18% or $0.9m to $5.8m for the period;
* Positive EBITDA of $0.3m representing both the Group?s maiden positive EBITDA for a reporting period and growth of $0.9m or 143%;
* Net Loss for the period from ordinary activities has been reduced by 71% to $0.5m from a Net Loss of $1.8m;
* Positive operating cash flow of $0.9m up 607% or $0.7m;
* Cash and cash equivalents up $0.3m to $2.2m
On track for overall profit by 30th June, now mac is sarcastically ramping (= still down raps) anything could happen when people catch on the smart money (all $500 worth) is with NWT. Mac just for once now you've shown your $500 hand try to say something nice about the company and mean it.. else the $500 worth is wasted and you should sell it to someone that truly believes we're on a winner (like me) I'll pay you $600 now and you can make a cool 20% all I ask in that case is you move on to another stock and give us a break!
NWT Price at posting:
0.5¢ Sentiment: ST Buy Disclosure: Held
