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Robust FY 18 Performance but weak outlook for FY 19: NetComm Wireless Ltd.âs (ASX:NTC) stock plunged 38.5% on August 27, 2018 (3 PM AEST) to A$0.83 after the company gave weak outlook for FY 19. The company is into developing and selling of broadband products for telecommunications carriers, core network providers, system integrators etc. The revenue for FY 19 is expected to grow slow by 15%-20% driven by a slower than expected rollout of the nbn FTTC project and a slower rollout of the AT&T Fixed Wireless.
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The underlying EBITDA is expected to be at a similar level to FY18, on the back of the sales mix changes from higher margin Australian DPU sales to lower margin NCD sales and higher near-term component costs are incurred due to global industry wide shortages. The company has planned an investment of $9 million into 5G solutions in FY 18. For FY 19, the reported EBITDA is expected to be in the range of $15 million to $18 million with earnings skewed to the second half based on the expectations of customer ordering patterns.
Meanwhile, NTC for FY 18 has reported robust result with revenue growth of 69% to $181.7 million and NPAT rose to $8.0 million, compared to prior period loss of $(1.8) million. Therefore, NTC stock has risen 10.66% in three months as on August 24, 2018.
The Income available from dividends remains attractive for many investors.
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