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Swoop

swoop.com.au

Founded Year

2004

Stage

Reverse Merger | IPO

Market Cap

0.08B

About Swoop

Swoop provides internet services to businesses.

Headquarters Location

1A 10 William St

Somersby, New South Wales, 2250,

Australia

1300 333 200

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Swoop Patents

Swoop has filed 1 patent.

The 3 most popular patent topics include:

  • Email
  • Payment systems
  • Spamming
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/1/2019

11/15/2022

Commerce websites, Online retailers, E-commerce, Brand management, Rakuten

Grant

Application Date

4/1/2019

Grant Date

11/15/2022

Title

Related Topics

Commerce websites, Online retailers, E-commerce, Brand management, Rakuten

Status

Grant

Latest Swoop News

Australian telco Swoop records revenue growth of 130% in FY22 results

Aug 29, 2022

iTWire Tuesday, 30 August 2022 09:05 Australian telco Swoop records revenue growth of 130% in FY22 results 0 Fixed wireless wholesale network infrastructure provider Swoop Holdings Limited has reported revenue growth of 130% in its first full year as an ASX-listed company. After a successful debut on the ASX in May 2021, the company announced and financially completed the acquisition of several acquisitions, including Speedweb, Countrytell, Voicehub, Luminet and iFibre. This followed the successful acquisitions completed in the period to June 2021 of Beam Internet and Community Communications. In FY22, the business recorded revenue growth of 67% on FY21 pro forma results to $51.7 million and the corresponding EBITDA of $13.0 million, up from $5.7 million. In the first half of the year, the company undertook a successful capital raise of over $45 million through a placement and share purchase plan. In the second half of the year, it also secured $32.1 million in Westpac financing facilities to fund further growth and expansion, closing the year with a strong cash position of $32.0 million. The July 2022 agreement to acquire Queensland-based national mobile virtual network operator Moose Mobile for $24 million is set to be completed in September. In August 2022, the company announced an on-market share buyback of up to 10% of the company’s share capital to capitalise on the recent movement in Swoop’s share price and to use this outstanding opportunity to make a highly accretive investment in the Swoop business. Swoop Chief Executive Officer Alex West, said: “We have had a fantastic year with numerous successful acquisitions which will facilitate the expansion of Swoop into new markets and new services. Our growth in revenues, both via acquisition and strong organic growth, shows the high demand for reliable, locally supported internet services in a post-pandemic hybrid working environment. “We will continue our strong focus on managing costs and cashflow as we increasingly see acquisition synergies flow through to the bottom line. In terms of capital management, we have boosted our firepower through both successful capital raises during the year and the securing of our Westpac financing facilities in June 2022. The acquisition of Moose will further consolidate our position of being well on track to creating the next national Australian Telco. Along with the Board, the Executive team and the entire Swoop team are looking forward to an equally successful FY23.” FY22 Highlights include: Revenue of $51.7 million, up 130% year-on-year on a statutory basis and up 67% on FY21 pro forma results Gross Margin of $28.3 million, up 171% year-on-year on a statutory basis and up 60% on FY21 pro forma results Underlying EBITDA of $13.0 million, up 129% on FY21 pro forma results Underlying NPAT position of $58k, up from an FY21 net loss after tax position of ($2.9 million). A 26% year-on-year increase in subscriber numbers to 38,582 Financially completed five accretive acquisitions during the FY22 year, and integrated the two accretive acquisitions financially completed in late FY21 Undertook a successful capital raise of over $45 million via a placement and share purchase plan in October-November 2021 Secured Westpac financing facilities in June 2022, combining with our strong cash position to provide additional firepower Announced the acquisition of Moose Mobile in July 2022, with completion expected in September 2022 Announced an on-market share buyback in August 2022 of up to 10% of the company’s share capital to maximise its allocation of capital by investing in its own high-quality business Flags further potential acquisition and organic growth opportunities   It's all about Webinars. Marketing budgets are now focused on Webinars combined with Lead Generation. If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event. The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page. Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview. We look forward to discussing your campaign goals with you. Please click the button below. David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education. Latest from David M Williams

Swoop Web Traffic

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Swoop Frequently Asked Questions (FAQ)

  • When was Swoop founded?

    Swoop was founded in 2004.

  • Where is Swoop's headquarters?

    Swoop's headquarters is located at 1A 10 William St, Somersby.

  • What is Swoop's latest funding round?

    Swoop's latest funding round is Reverse Merger.

  • Who are the investors of Swoop?

    Investors of Swoop include Stemify, Tattarang and Minderoo Group.

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