Swift takes 5

SWIFT Networks is upgrading and installing its various network systems at five sites across Western Australia and the Northern Territory for key clients Roy Hill, NT Link, Atlas Iron and BBB Contracting, as part of contracts bringing in revenue of $1.4 million.
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Swift Network

Swift CEO Brian Mangano said while the aggregate revenue from the contracts was material to the company, no individual contract generated revenue of more than $1 million.

Mangano said the projects added to other recently announced projects that placed Swift in a strong position.

The entertainment provider reported subscription revenue of more than $1.1 million per month for the start of 2022-23, with $2.9 million of contracted installation work in the pipeline.

"This not only represents an increase in project activity but also the take up of Swift's new subscription products Swift Access and Swift Broadcast in both the mining and aged care sectors," Mangano said.

"We're pleased to be in such a strong position at the start of FY23."