Tag: Spirit

Spirit Technology hits new highs as Superloop narrows net loss

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

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