Megaport Ltd (OTCPK:MGPPF)

$ 7.45 0 (0%) Market Cap: 990.60 Mil Enterprise Value: 924.15 Mil PE Ratio: 149.00 PB Ratio: 9.25 GF Score: 79/100

Q1 2023 Megaport Ltd Earnings Call Transcript

Oct 19, 2022 / 12:30AM GMT

Release Date Price: $5.88

Transcript

Operator

Hello, everyone, and thank you for joining the Megaport First Quarter 2023 Investor Briefing and Q&A. We will begin with a presentation by the Megaport management team, followed by a 30-minute Q&A session. (Operator Instructions)

Now over to the Megaport CEO, Vincent English.

Vincent English

Megaport Limited - CEO & Director

Thank you very much. Good morning, good afternoon. Welcome to our First Quarter FY '23 Global Update. I'm going to take you through some of the highlights. Some of the key highlights for our first quarter are continued EBITDA growth. We've had a very strong quarter 1 in terms of revenue performance at $33.7 million, up 10% for total revenue for the quarter. Our monthly recurring revenue is $11.6 million at the end of September, up 9%. And gross margins overall for the full quarter are just over 64%.

All of this has contributed to our second consecutive quarter of EBITDA growth, delivering a $1 million EBITDA result for quarter 1. And in terms of the channel strengthening and as you -- as everybody has known,

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