Inabox says the turnaround for Telcoinabox largely replaces revenue lost in FY17 as the result of the loss of a major customer and the strategic divestment of two unprofitable customers.
According to Inabox, the strong interest and demand continues to be driven by Telcoinabox’s provision of Telstra Wholesale’s 4G mobile services, a turnkey white-labelled NBN service, new cloud products such as Microsoft Office 365 Fast Lane, access to multiple carriers through a single relationship and streamlined back office operations with its range of provisioning, payment and billing services and white labelled call centre support.
The company also says it has made significant investments over the past two financial years to build its own infrastructure and develop innovative new products which will result in the generation of higher margin revenue from the sale of these products and services.
“The fact that these well established RSPs have chosen to migrate to us from their existing providers is a strong testament to our offering and commercially validates the strategic investment in our software platforms and new and innovative products.”
"Management is pleased with the strong start to FY18 and is discussing with a number of established RSPs to migrate their services to Telcoinabox from their existing providers."
Kay says the company remains focused on converting the strong pipeline of opportunities and management is confident that additional well-established RSPs will be signed during the financial year.