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Megaport Ltd. (MGPPF)
:MGPPF
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2019
|% Change Since: -39.60%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted substantial revenue and EBITDA growth, successful product launches, and improved financial health. However, challenges with KPI metrics and increased expenditures were noted. Overall, the positive achievements significantly outweighed the challenges.Company Guidance
In the recent earnings call for MP1.AX, CEO Michael Reid provided detailed guidance on multiple financial and operational metrics, highlighting a significant turnaround and growth trajectory for the company. The company reported a revenue of $48.6 million for the second quarter of FY '24, marking a 31% increase year-on-year, alongside an EBITDA of $15.1 million, reflecting a substantial 529% rise. The net cash flow improved by $6.9 million year-on-year, while operating cash flow surged to $15.2 million. The company maintained its revenue guidance for FY '24 at $190 million to $195 million and EBITDA between $51 million and $57 million, despite revising CapEx expectations down to $20 million-$22 million. The shift in focus to revenue-generating KPIs was emphasized, with total services reported at 748, and customer numbers and ports also seeing increases. With a strong emphasis on go-to-market strategies and hiring, particularly in North America, the company is poised to continue its growth momentum. The call also pointed to the success of the newly launched Global WAN product, which resulted in the largest deal in Megaport's history, valued at $1.4 million in annual recurring revenue.Record Revenue Growth
Revenue reached $48.6 million, a 31% increase year-on-year, marking an $11.6 million rise.
EBITDA Surge
EBITDA increased by 529% to $15.1 million, reflecting a significant $12.7 million year-on-year growth.
Cash Flow Improvement
Total cash flow was $7.3 million, up $19.2 million year-on-year, showcasing a significant turnaround.
Strong Financial Position
Cash at bank was $62.5 million, up $7.3 million quarter-on-quarter, indicating a healthy fiscal status.
Global WAN Success
The launch of Global WAN resulted in the largest deal in company history, with $1.4 million in annual recurring revenue contracted over three years.
Product Innovation and Expansion
Launched several new products including Megaport Internet, 100-gig VXCs, and a 400-gig U.S. backbone upgrade is underway.
Cost Management and Efficiency
Operating cash flow increased to $15.2 million, up $15 million year-on-year, due to ongoing cost control and revenue growth.
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MGPPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGPPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 22, 2024 | $7.45 | $7.45 | 0.00% |
| Aug 21, 2023 | $6.75 | $6.75 | 0.00% |
| Feb 08, 2023 | $5.88 | $5.88 | 0.00% |
| Aug 08, 2022 | $3.66 | $3.66 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Megaport Ltd. (MGPPF) report earnings?
Megaport Ltd. (MGPPF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Megaport Ltd. (MGPPF) earnings time?
Megaport Ltd. (MGPPF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGPPF EPS forecast?
MGPPF EPS forecast for the fiscal quarter 2025 (Q2) is 0.03.
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