Digital media service provider, Swift Media, is hoping to double its revenues by 2025 with the imminent launch of a new product that’s caught the eye of fund manager Dean Fergie.
The new product, Swift Plus, has been designed specifically for aged care homes where residents typically struggle with the complex user interfaces.
Elderly Australians will instead be able to access Swift Plus content using a simplified ‘channel up, channel down’ system, and supports CEO Pippa Leary’s vision to double revenues by 2025 by evolving Swift’s product offering and sales strategy.
Mr Fergie, director and portfolio manager with Cyan Investment Management, said Swift Plus’ launch should serve to catalyse further growth.
The company also appears to be “undervalued” and “pretty much off the radar” for most investors, Mr Fergie added, owing to previous mistakes made by past managers.
Under Ms Leary’s guidance however, the business has successfully cut costs and greatly improved its capital position, and presently holds a number of long term contracts with large clients.
“All the numbers are pointing in the right direction. They’ve gone from an EBITDA loss to a positive EBITDA, cash flow has increased, they’ve increased their cash position, and they’ve raised a bit of money. Everything is going in the right direction,” he added.
“It’s a small turnaround story that’s worth having a look at.”
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