NetComm: Better than it seems

An impressive company just got better we are upgrading to a BUY and upgrading our valuation.

NetComm Wireless (NTC) reported a solid half year result with revenue up 53.7 per cent to $A46.4 million and EBITDA up 123.5 per cent to $5.1m.

The positive from the result was a greater than expected contribution from the Australian NBN/Ericsson fixed wireless contract. Approximately 40,000 units were delivered in the half compared with 33k units in the full FY15 year.

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