Datacentre operator, NEXTDC (ASX:NXT), has reported a statutory net loss after tax of $10.3 million for its financial year 2015 results, ending June 30. This is an improvement on FY2014, where its net loss after tax was $22.9 million.
NEXTDC revenue was $60.9 million, an increase of 85 per cent from the same time last year.
NEXTDC has previously mentioned that it is “contemplating a forthcoming senior unsecured notes offering” to raise about $70 million (Notes II). Given prevailing market conditions, the company has decided it is “prudent to defer this issuance, until such time as market conditions stabilise”.
The company also said, in a statement to the ASX, that it has sufficient funding in place from “multiple sources to meet its planned FY16 capital expenditure of $75 million to $85 million” across its five facilities.
It added that it includes cash and term deposits of $52.9 million at June 30; available commitments under a senior secured debt facility with its bank, National Australia Bank, which remains undrawn; and an ongoing operating cashflow.
Going forward, NEXTDC is assessing potential new facilities at Brisbane (B2) and Melbourne (M2) based on prospective customer demand. This, according to NEXTDC, comes on the back of the strong take up of capacity at its B1 (79 per cent utilised) and M1 (76 per cent utilised) facilities.
“These are discretionary investment opportunities to support the company’s long term growth. The investment decision in relation to B2 will be subject to any subsequent Notes II issuance. The investment decision in relation to M2 will be considered in 2016, pending any other material developments,” it added.
As for its FY16 outlook, the company aims for revenues of $85 million to $90 million, an EBITDA of $25 million to $28 million, and capital expenditure of $75 million to $85 million.
More to follow.
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