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2021
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Brian Mangano, Managing Director
18 November 2021
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FY21 in Review.
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Revenue of $17.6 million
$13.4 million in recurring revenue
Finishing the year with Swift systems in 58,961 rooms
Sale of loss-making Medical Channel Pty Ltd business to Motio Limited (ASX: MXO or "Motio") for 30 million ordinary shares in Motio.
New sales team established in Mining and Aged Care:
Core revenue in Aged Care and Mining & Resources up by 15% $5 million of Capital raising in FY21
DXC settlement concluded resulting in a one-off $1.525 million payment to Swift. Established relationship with key Mining & Resources customer, Mineral Resources.
FY22 the First Four Months.
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Acquisition of a perpetual license to commercial casting technology.
Integration of cutting-edge casting technology into the Swift Platform, resulting in the creation of our next generation product Swift Access.
Initial showcasing of Swift Access product to selected high value clients.
Agreement reached with Mineral Resources Limited to rollout Swift Access at their Mt Marion lithium mine.
Signing of $1.1 million in new Aged Care agreements.
Relocation of Perth and Sydney offices realising an annualised overhead savings of circa $500,000.
Appointment of Brian Mangano as CEO and Managing Director. Transition of Pippa Leary to Non-Executive director.
Appointment of two new Perth based Directors with experience in Mining and Aged Care.
Focus on longer term content and support contracts with existing clients in Mining and Aged Care with the view to drive margin growth and Total Contract Value (TCV).
5 million Motio Limited Pty Ltd (ASX: MXO) shares sold to strengthen cash position
The Swift Product Suite.
Entertainment and Communications For Any Facility.
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Swift Access is Swift's next generation | |
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product which allows the seamless | |
distribution of commercial casting, | |
premium entertainment, | |
communications and other curated | |
content on demand using a dedicated | |
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Swift Broadcast allows facilities with limited network infrastructure to provide streamlined communications and extensive entertainment and sector-specific content over an MATV network.
The Swift Entertainment App gives
residents the option to access
Swift's exclusive on demand movies
and TV shows on their mobile
device.
Swift Connect extends the
communication experience from TV to mobile ensuring residents are kept informed at all times.
A Next Generation Solution
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Swift Media Limited published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 02:01:04 UTC.