World Reach (ASX: WRR)

World Reach (ASX: WRR) A satellite telecommunications company

1998

FOUNDED

MICRO

SIZE

IT HARDWARE

Industry

Product / Service

  • World Reach develops and markets a range of communications products and services, the majority of which are satellite based

  • Products include handheld phone accessories and the original equipment manufacturer (OEM) of the Iridium GO! Wifi device that provides voice, text and data services for smartphones

  • World Reach has four brands:

    • Beam Communications – designs and manufactures satellite communications equipment, including modems, satellite terminals and docking stations

    • SatPhone Shop – online platform for Telstra’s range of mobile satellite products

    • SatPhone Rental – offers satellite equipment rentals for personal or enterprise needs

    • Beam Communications USA – offers technical support across the Americas for resellers, customers and network operators

History

  • World Reach was founded in 1998

  • World Reach listed on the ASX in 1986 under predecessor Tele-IP Ltd (ASX: TEE)

  • World Reach changed its name from Tele-IP after it divested the network business in 2008

Customers

  • World Reach’s customers range from consumers to mobile satellite service providers Iridium and Inmarsat (Beam’s customers)

Operations

  • The company is headquartered in Melbourne

  • The company’s operations are global

To be the global leader in satellite communications products and services

Profitability Table

Year Revenue ($m) % change EBIT ($m) % change
FY 2012 13.0   -0.2  
FY 2013 14.1 8.5 -0.8 L
FY 2014 12.6 (10.6) 0.4 P
FY 2015 17.0 34.9 0.6 50.0
FY 2016 12.4 (27.1) 0.4 (33.3)

Fun Facts

  • Michael Capocchi’s (CEO) total remuneration for FY 2016 was $811k

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