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Inabox Group continues to gain strong sales momentum

Published: 14:22 27 Jul 2017 AEST

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The group is well placed leading into next year

Inabox Group (ASX:IAB) finished FY17 with strong momentum in all areas of its business, with unaudited full year revenue expected to be $90 million and underlying EBITDA of $6 million.

The company supplies wholesale ICT (fixed, mobile, data) and cloud products and associated services, including billing and customer support, to retail service providers around Australia.

During the year, the company’s Enablement business grew to support more than 145,000 services in operation, up from 85,000 in FY16.

The Enablement business allows mass market retail customers to resell telecommunications products and services to its consumer base.

Inabox strengthened its cloud and managed services capabilities via the acquisitions of Hostworks (a cloud services business) and Logic Communications (a managed service provider).

The company also continued to manage the new HCS business, providing Cisco hosted collaboration services to the Tasmanian government, during the Cisco platform’s transition to Telstra.

With clients added to the indirect and direct businesses plus accelerating discussions with potential new Enablement customers, the group is well placed leading into next year.

Inabox’s shares were last trading 7% higher intra-day, at $0.96.

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