Shares in niche TV streamer Swift Networks were on the up today after revealing a 166 per cent jump in earnings.

Swift (ASX:SW1) provides entertainment and video streaming services in sectors such as mining and aged care. Its clients include student accommodation providers and offshore resources sites.

This morning Swift revealed a full-year $2.7 million EBITDA earnings figure – up 166 per cent year-on-year.

The shares hit an intraday high of 40c in early Tuesday trade – up 16 per cent.

Swift generated $20.8 million in cash receipts in FY18 and confirmed it had repaid a $3 million Bankwest loan in the last quarter of the year.

Chief executive Xavier Kris told investors the numbers indicated a “successful year” yielding “exceptional growth in diverse, scalable, recurring earnings”.

Mr Kris told Stockhead the numbers reflected the strength of target markets like hospitality.

Those themselves have delivered strong growth. In the hospitality business, we now have over 18,000 hotel rooms in that sector. We’ve had aged care growth of 62 per cent year-on-year,” he said. 

Swift’s gross profit margin for the year increased to 41.7 per cent, while its EBITDA margin jumped from 6 per cent to 12 per cent.

The stock hit a year-high of 55c in October when the company announced a reseller agreement with DXC Connect to offer its clients the Swift product suite.

In the March 2018 quarter, the company generated $5.3 million in customer receipts and had close to $4 million in the bank.

Having cleared what was owing on its Bankwest debt facility, the company now has $3 million to draw down if it needs it.

Mr Kris told Stockhead “there’s no concrete plans at present” to dip back into that pool, but said “opportunities could present themselves.” 

Swift Networks (ASX:SW1) share price, past 12 months.The company’s share price hit a year high of 55c last October and was sitting back up as high as 40c at 11.15am on Tuesday.