Stratatel doubles revenue, earnings

Stratatel doubles revenue, earnings

Revenue largely due to FleetManager mobile phone monitoring and control suite.

Stratatel (ASX: STE) has announced strong earnings for the first three quarters of this financial year, nearly doubling its consolidated revenue for the period.

The company earned over $4.1 million in revenue over the period, compared to $2.1 over the same period last year.

Stratatel's EBITDA also more than doubled, reaching $607,000. This is more than $350,000 higher than the previous financial year results.

This added income has largely come from wholesale sales of the company's FleetManager mobile phone monitoring and control suite, as well as contracts to supply its Softlog solution to both Canon and Fuji Xerox.

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