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

Q3 2023 Megaport Ltd Activities Report Call Transcript

Apr 28, 2023 / 01:30AM GMT

Release Date Price: $5.88

Transcript

Bevan Andrew Slattery

Megaport Limited - Founder, Interim CEO & Non-Executive Chairman of the Board

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Very short period of time. And just by changing a few levers, we've been really able to completely change the direction of this business moving forward or at least the performance of the business moving forward.

So KPIs for the quarter, as we mentioned, our monthly recurring revenue was up 14% Q-on-Q, up $1.7 million, driven, as I said, by that one price change in cloud VXC. The revenue for the quarter was $38.1 million, up $1.1 million from previous quarter. EBITDA, what we call like a statutory based, it was actually $7.2 million for the quarter. But when we take out some accruals and things like that, we really want to get to a more normal base in how we report and how we take fluctuations out. So our normal EBITDA was $5 million, but our statutory was $7.2 million. And these results really combined to give a strength with positive growth with our EBITDA of $10.6 million year-to-date.

From a customer standpoint, we had good customer traction in Q3.

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