MP1 +3.11%: The Network as a Service (NaaS) provider had pre-reported top-line metrics however the details of the result was positive. Revenue of $78m was largely inline with consensus expectations while an after tax loss of $31.3m was a touch better than expected. The pro’s to the result included MP1 achieving EBITDA breakeven in June 21 as they had been targeting, strong growth in ports added + reoccurring revenue which all bode well for FY22. No guidance was provided. All in all, we like MP1 even though we recently sold out of the stock, more a portfolio decision that a reflection on the business.
scroll
Question asked
Question asked
Question asked
Question asked
Buy Hold Sell: The best and worst performers of FY25
Close
Friday 4th July – Dow up +344pts, SPI up +27pts
Close
Thursday 3rd July – ASX -42pts, PME, NWH, GLF
Close
Global X Battery Tech and Lithium ETF (ACDC)
Close
MM is now neutral MP1 around $18 after a solid run
Add To Hit List
Related Q&A
MM’s view on WTC and MP1 please
Does MM like Megaport (MP1) into current weakness?
What are your current thoughts on Megaport (MP1)?
Is MP1 Megaport Ltd (MP1) presenting value?
Relevant suggested news and content from the site

Video
WATCH
Buy Hold Sell: The best and worst performers of FY25
James Gerrish & Henry Jennings

Podcast
LISTEN
Friday 4th July – Dow up +344pts, SPI up +27pts
Daily Podcast Direct from the Desk

Podcast
LISTEN
Thursday 3rd July – ASX -42pts, PME, NWH, GLF
Daily Podcast Direct from the Desk


chart
Global X Battery Tech and Lithium ETF (ACDC)
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.