Swift Networks Group (ASX: SW1) recently expanded its agreements in the Mining and Resources and Aged Care sectors. Notably, they signed new infrastructure and subscription contracts with Aged Care Providers, such as Eldercare, Royal Freemasons, and Retiree’s WA. They also renewed their agreement with Hall & Prior’s Karingal Green Health & Aged Care Community. In the Aged Care sector, Swift's Access Aged Care engagement package and next-gen product roadmap have attracted new customers, resulting in agreements with leading providers like Eldercare, Royal Freemasons, and Retiree’s WA.
These agreements cover various services, including Swift Access and Swift Broadcast. In the Mining and Resources sector, Swift's growth potential is evident, with new sites in demand for upgrades and infrastructure projects. While these contracts are significant, none individually generates over AU$1.0 million in revenue, with revenue recognition expected in FY24, including subscription revenues spread over 12-72 months.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
