Q1 2024 Megaport Ltd Activities Report Call Transcript
Good morning. And today, we have Michael Reid and Leticia Dorman, CEO and CFO, respectively, to take us through a short investor presentation that will be followed by Q&A where you'll be able to ask your own questions. And so just raise your hand and I'll get to you at the end. Michael, over to you.
Fantastic. Thank you, Steve. Good morning all, and good evening for those joining us in the United States and around the world. All right, let's get straight into it. This is the investor presentation, first quarter FY '24. All right. First quarter, let's talk about the highlights. Annual recurring revenue at $189.8 million, that's up $11.2 million quarter-on-quarter or a 6% increase. EBITDA was $15 million, up $3.2 million quarter-on-quarter, a 27% increase. positive net cash flow and focus, we called out net cash flow positive for the full financial year, our first quarter at $5.6 million, up 3.3% quarter-on-quarter, 143% year-on-year growth. Investment in the go-to-market engine is progressing
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