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Megaport Upgrades EBITDA Guidance for FY23 and Provides Insights into FY24 Projections — ASX:MP1| ASX Mining News & Discussion
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$MP1 Megaport Upgrades EBITDA Guidance for FY23 and Provides Insights into FY24 Projections
Megaport Limited (ASX: MP1), a leading global Network as a Service (NaaS) provider, has announced an upgrade to its earnings before interest, tax, depreciation, and amortisation (EBITDA) guidance for the financial year 2023 and provided insights into its financial year 2024 projections. The company attributes the revised FY23 normalised EBITDA guidance to the continued improvement in its operational metrics and financial performance.

Megaport now expects the FY23 normalised EBITDA range to be between $19 million and $21 million, representing an increase from the previous guidance of $16 million to $18 million. This upgrade demonstrates the company's strong performance and growth in its operations.

Additionally, Megaport anticipates FY23 reported EBITDA to fall within the range of $24 million to $26 million. It is noteworthy that Megaport achieved a net cash positive position in the fourth quarter of FY23, even after accounting for redundancy payments totalling approximately $2.6 million.

As Megaport finalises its FY24 budget, ...
Megaport Upgrades EBITDA Guidance for FY23 and Provides Insights into FY24 Projections

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?