results looking sweet: turned cash positive and growth even better than predicted ...
Sweet:
• Total Contracted Units up 61.5% to 77,600 (FY17: 48,041)
• Revenue up 57% to $51.5 million (FY17: $32.7 million)
• EBITDA up 113% to $15.0 million (FY17: $7.1 million)
• Net Profit after Tax of $0.2m vs a net loss after tax of $5.3 million in FY17, a positive change of $5.5 million
• In the second half of the year the business graduated from start-up mode, generating self-sustaining cash flows for the first time
Well done, particularly considering that the market still expected a small loss (vs a very small profit) and less growth than they achieved (latest analyst consensus was 47.5m vs the achieved 51.5m).
https://www.nzx.com/announcements/318137
This should give the SP some deserved wings ...