Spirit Technology, the company formerly known as Spirit Telecom, reported record results for the six months to December 31.
Total revenue for the company was up 253% to AU$44 million compared to the same time last year, while earnings before interest, tax, depreciation, and amortisation (EBITDA) spiked 320% to AU$2.6 million, and net profit shifted from a AU$700,000 loss to a positive AU$500,000.
The company’s revenue number consisted of AU$21 million from recurring revenue and AU$22 million allocated as solution and project revenue. The former was up 246% year-on-year and the latter increased by 132%.
Of its recurring revenue, data