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NetComm gives rosy outlook through to 2H11

NetComm gives rosy outlook through to 2H11

Modem technology developer NetComm (ASX:NTC) expects strong revenue and ebitda growth for 2H10 through to 2H11.

The company is predicting revenue of between $33.9 million and $39.3 million, as well as ebitda o $1.4 million to $1.9 million , for 2H10.

In 1H11, the company expects revenue of $42 million to 48 million – around double the $22.9 million recorded in 1H10 – and ebitda of up to $4.5 million.

In the following half, revenue is forecast to hit $58 million to $68 million, while ebitda will grow to between $5.5 million and $8.5 million.

The strong growth prospects are due to investment in international expansion, as well as the development of 3G gateway technology, in 2009 and 2010, NetComm said.

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