Megaport Shares rocket on fourth quarter growth
- Megaport (MP1) sees shares soar following the release of its quarterly report, which highlights growth across most key metrics
- The company delivers its first EBITDA profit for the fourth quarter, which was driven by the turn to profitability in two of its new markets, Japan and Canada
- During the fourth quarter, operating activities saw cash inflows of $1.6 million, which was driven by customer and revenue growth
- The company finishes the quarter with $82.5 million in cash and cash equivalents
- Shares are trading 21.6 per cent higher today at $7.88 each at 2:55 pm AEST
