市场见解

Why is the Spirit Technology (ASX:ST1) share price lifting?

The Spirit Technology share price is lifting today, up 2% in afternoon trade. We look at the company’s latest financial results.
The post Why is the Spirit Technology (ASX:ST1) share price lifting? appeared first on The Motley Fool Australia. –

The Spirit Technology Solutions Ltd (ASX: ST1) share price is up 1.3% in afternoon trading. This was slightly down, having been up more than 8% earlier today. At the time of writing, the Spirit Technology share price is sitting at $0.39. 

We take a look at the telecommunication and cloud services provider’s results for the financial year ending 31 December (H1 FY21) below.

What financial results did Spirit Technology report for H1 FY21?

The Spirit Technology share price got a boost from this morning’s ASX release, revealing revenue and other income of $44.0 million for the half-year. That’s a 253% increase from the prior corresponding period (pcp). Additionally, total recurring revenue leapt 99% from the prior corresponding period to $21.1 million.

Spirit indicated that securing higher value recurring revenue contracts for longer durations has helped drive the total revenue lift. Undoubtedly, this was credited to its ability to cross-sell its premium managed services and cybersecurity offerings atop its data offerings.

The company rebounded from a net profit after tax loss (NPAT) of $740,000 in H1 FY20 to report a positive NPAT of $508,000.

Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 176% year-on-year to $4.4 million.

Spirit Technology reported a positive operating cash flow for the half-year of $4.3 million. Additionally, with $23.3 million of cash and available debt as at 31 December.

Comments from the Director

Regarding the half-year results, Sol Lukatsky, Spirit Technology’s Managing Director, said:

It is particularly pleasing to deliver a profitable H1 21 in a period of investment in scaling up the business, building a national brand and integrating multiple acquisitions. We’ve been able to adeptly respond to the changing needs of business, as their IT&T needs become increasingly complex by delivering a comprehensive bundled offering across cloud, voice, data, managed services and cyber security with a strong customer focus.

Looking ahead, Lukatsky added, “We have further growth in our sights as we launch new products, continue to expand our reseller network and realise the benefits of the investments made over the past year and during 2021.”

Spirit Technology share price snapshot

The Spirit Technology share price has been an outperformer over the past 12 months, with shares up 95%. That compares to a 0.4% gain on the All Ordinaries Index (ASX: XAO) over that same time.

Year-to-date the Spirit Technology share price is down 2%.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of SPIRIT TC FPO. The Motley Fool Australia has recommended SPIRIT TC FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why is the Spirit Technology (ASX:ST1) share price lifting? appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!