Vonex has increased its revenue to $4.6 million in the 2015 financial year ahead of its reverse listing on the ASX.
The Perth-based communication provider’s revenue grew $826,000, or 22 percent, up from last years’ revenue of $3.7 million.
Vonex’s revenue grew 232.4 percent from the 2013 to 2014 financial year, earning the company the number one spot in the CRN Fast50 last year.
The company merged with its major channel sales partner iTrinity in 2013, which chief executive Brydie McKee said was a pivotal moment in the company’s history.
“Today we sit in a strong financial position with the majority of our current revenue streams under contract, helping to mitigate exposure to market peaks and troughs,” said McKee.
Vonex has completed due diligence for a reverse takeover with Aleator Energy. The former mining company recently raised $4.5 million to satisfy a funding condition to complete the deal with Vonex.
McKee said the reverse takeover will accelerate Vonex’s growth by raising sufficient funds for product development and global marketing initiatives.
“The Aleator deal will give us far greater resources to invest in our reseller partners by incentivising their performance,” said McKee.
“We are looking at strengthening the number of our partners, as this approach will broaden our reach and contribute to increasing revenue streams going forward.”
McKee is also a finalist in Telstra’s Business Women Awards for 2015.
The reverse listing is expected to be completed by 10 November.
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