Source: Swift
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  • Swift (SW1) secures new contract wins to install its various network solutions at projects in Western Australia and the Northern Territory
  • The company began work on five new installation projects for its key clients of Roy Hill, NT Link, Atlas Iron, and BBB Contracting
  • The value of these agreements will deliver $1.4 million in revenue, which will be realised over the end of FY22 and the first half of FY23
  • Shares are trading flat today at 1.9 cents each at 3:54 pm AEST

Technology company Swift (SW1) has secured new contract wins to install its various network solutions at projects in Western Australia and the Northern Territory.

The company began work on five new installation projects for its key clients of Roy Hill, NT Link, Atlas Iron, and BBB Contracting.

The value of these agreements will deliver $1.4 million in revenue, which will be realised over the end of FY22 and the first half of FY23.

CEO Brian Mangano said he was pleased to start the new financial year in a strong position.

“These new projects add to other recently announced projects that place Swift in a strong position as we commence FY23 with subscription revenue of over $1.1 million per month and contracted installation work of $2.9 million already in our pipeline for FY23,” he said.

“This not only represents an increase in project activity but also the take-up of Swift’s new subscription products Swift Access and Swift Broadcast in both the mining and aged care sectors.”

Shares were trading flat today at 1.9 cents each at 3:54 pm AEST.

SW1 by the numbers
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