What a dream FY17 result...
- Full Year Rev up 176% to 53.9m
- Annualised 12-month revenue is even more impressive at $75m
- Fully integrated NGage acquisition & its delivered 15m rev since April
- Bedded down Canberra expansion
- $3.95m cash on hand
- Underlying profit for 2H17 was $560k
Usually when companies have an aggressive expansion (think BUB) they don't make money... this has grown its revenues exponentially to significant levels & maintained a small level of profitability.
FY18 will be all about margin expansion & delivering a monster EBITDA result.
The leverage is now there with the revenue base of $75m & growing...
IMO this result will definitely re-rate the stock over the short term.
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