Netlinkz reports 85% hike in quarterly group revenues with Asia leading growth; sees stronger June quarter
The company is expecting a stronger fourth quarter due to the seasonality of revenue, with a growing proportion coming from recurring revenue. Cash at the end of the quarter was $3.1 million, with a further $5 million available in finance facilities.
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.
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