leadf
logo-loader
viewNetlinkz Ltd
(
ASX:NET
)

Netlinkz continues strong revenue growth for FY21

Snapshot

  • Netlinkz poised for growth with a strengthened balance sheet and increasing revenue
  • Netlinkz nearly triples cash receipts from customers in FY21
Netlinkz Ltd - Netlinkz launches VSN 2.0 platform as companies focus on network security and enabling disparate work forces on back of COVID-19 pandemic

Quick facts: Netlinkz Ltd

Follow
ASX:NET

Price: 0.023 AUD

Market Cap: $74.33 m

About the company

Netlinkz Ltd (ASX:NET) is the developer of a Virtual Invisible Network (VIN) offering security, meshing, and encryption technology that enables clients to connect anyone, anywhere, on any device over a mesh network.

The flagship product, Netlinkz VSN, provides Fortune-500 security commercially available for organisations of all sizes.

Netlinkz is focused on cloud-first, security, scalability and simplicity, allowing its customers to concentrate on business growth, team collaboration, and global sharing of critical data.

How it is doing

01 Sep 2021

Netlinkz Ltd (ASX:NET) has reported continued strong revenue growth for the financial year ended June 30 2021, with revenue rising 174% over the prior year to $14.4 million (2020: $5.3 million).

China revenue grew by 196% to $11.9 million (2020: $4 million) with the revenue base now underpinned by growing recurring revenue through licensing and servicing contracts.

A number of these contracts are with global Fortune 100 companies across several industry sectors, including infrastructure, logistics, renewable energy, healthcare and retail services.

The company also strengthened its balance sheet with net assets of $21.4 million and $10.8 million in cash by the end of the year after raising $40.7 million in equity and settling $25.3 million in debt.

13 May 2021

Netlinkz Ltd (ASX:NET) has raised $1.7 million in an institutional entitlement offer forming part of a $15 million capital raising. 

The completion of the instiutional offer includes a fully underwritten 1 for 4.2 entitlement offer that was announced on May 11. 

21 Apr 2021

Netlinkz Ltd (ASX:NET) saw group revenues in the third quarter of financial year 2021 rise 85% to $2.9 million over the corresponding period of 2020 with Asia continuing to lead the growth, particularly China

The company is expecting a stronger fourth quarter of FY21 due to the seasonality of revenue, with a growing proportion coming from recurring revenue.

Insight: Netlinkz nearly triples cash receipts from customers in FY21

30 Jul 2021

Netlinkz Ltd (ASX:NET) rounded off the 2021 financial year with around $15 million in customer receipts — nearly triple the cumulative result tabled at the same time last year.

Over FY21, the technology stock’s unaudited revenue increased roughly 174% on the previous financial year, with around $2.7 million brought in over the June quarter.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Lithium Australia talks cobalt-free batteries as market hits new highs

Lithium Australia NL (ASX:LIT, OTC:LMMFF, FRA:3MW)'s Adrian Griffin discusses the popularity of cobalt-free batteries as the lithium market hits new highs. He says Lithium Australia's subsidiary VSPC is progressing its plans to establish a strategic position in the market for cobalt- and...

2 days, 15 hours ago

5 min read