B2B telecoms provider 5G Networks (ASX: 5GN) has had a busy year so far in 2019.

And amid the key acquisitions and capital raises, the company is also still spinning plenty of revenue.

This morning’s quarterly filing showed 5GN booked $15.4m worth of cash receipts in the three months to March, up eight per cent from the previous quarter.

Quarterly net operating cashflows were positive at $629,000, up from $520k in Q2. Shares in 5GN were down slightly this morning at $1.09.

Going live

5GN provides a telecommunications platform for business customers, complemented by a service offering which includes cloud-based solutions and data management.

In late March, the company announced that its MPLS data network was now live across all capital cities, offering customers download speeds of up to 10GB.

Shares in the company have more than doubled from 50 cents at the start of February, ahead of its Q2 filing on February 25 which showed half-year revenues had risen by 1,900 per cent.

Earlier this month, 5GN acquired the Melbourne Data Centre (MDC) for $5.7 million, in a transaction which valued the asset at seven times EBITDA.

The aim of the purchase was to help vertically integrate the company’s data and cloud-based services, for which it currently pays $3.8m a year to third-party providers. 5GN said it hopes to achieve cost synergies of $600k in the first three months of MDC operations.

Also in April, the company went back to the market and raised another $8 million, via the issuance of 10m shares price at 80 cents.

The funding round saw “very strong demand”, and “provides the flexibility and agility to explore targeted and accretive acquisitions in addition to funding the planned east coast roll-out of 5GN’s fibre network,” the company said.

In other ASX tech news today

It’s been a pretty big morning for Tinybeans (ASX:TNY), the app which allows parents to securely share pictures of their children with family and friends. TNY shares surged more than 30 per cent to $1.06, after it announced the launch of a new content platform.

The new platform will allow Tinybeans to procure content from external sources, allowing for the proliferation of new information sources around parenting advice for the app’s 3.2 million users. At current prices, shares in TNY have now almost quadrupled from 27 cents in late February.

iCar Asia (ASX: ICQ), which operates online marketplaces for second-hand vehicles in South-East Asian jurisdictions, has released its annual report. Revenue for the year to December rose 27 per cent to $11,555,944. The company posted an after-tax loss of $13.606m, with expenses led by employment related costs of $11.606m. Shares in ICQ were unchanged at 21 cents.

And shares in DTI Group (ASX: DTI) rose more than 10 per cent to 5.2 cents after the company announced it had secured a contract to provide CCTV cameras for a fleet of trains on the London Underground. The company will supply and install around 680 cameras, and assigned an approximate contract value of $3.6m to the deal.