CNW cirrus networks holdings limited

What a dream FY17 result... - Full Year Rev up 176% to 53.9m -...

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    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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