5G NETWORK SERVICES

$31M ASX Small Cap Telco Posts $16.7M Annual Recurring

Recurring revenue, facilitated by the acquisition of 2SG, has provided Vonex with forward earnings predictability. The 2SG acquisition cannot be underestimated, having provided Vonex (ASX: VN8) with substantial sales momentum.

Meet Our Latest ASX Tech Portfolio Addition: VN8 is a Company Transformed

After following the story for a while, and having familiarised ourselves with management and the company, we have decided to take a long-term position in Vonex (ASX: VN8).

88% Revenue Growth for Vonex (ASX: VN8) - More Upside Ahead?

Vonex (ASX: VN8) demonstrated an 88% increase in annualised recurring revenue during fiscal 2020 to $16.4 million. The acquisition of 2SG has also been one of the company’s key achievements.

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