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Megaport ASX Release 10 February 2021 1HFY21 Half Year Results and Market Update Megaport continues growth trajectory with solid 1HFY21 performance , with all regions EBITDA positive ' in 2Q FY21 . On target to achieve EBITDA breakeven on a run rate basis during FY21 . Megaport Limited ( ASX : MP1 ) today reported its first half earnings to 31 December 2020 including a general market update . Performance Highlights 1HFY21 Financial Highlights • The Company's revenue for the half - year period ended 31 December 2020 was $ 36.0M , an increase of $ 10.1M or 39 % from the same period ended 31 December 2019 . Monthly Recurring Revenue ( MRR ) for the month of December 2020 was $ 6.3M , an increase of $ 1.7M or 37 % from the month of December 2019 . • The business generated a profit after direct network costs² of $ 18.2M for the half - year period ended 31 December 2020 , an increase of $ 5.1M or 38 % from the same period ended 31 December 2019 ( $ 13.2M ) . • Net loss for the half - year period ended 31 December 2020 was $ 38.4M . • At 31 December 2020 , the Company's cash position was $ 144.8M . Impact of Foreign Exchange Movements Both Revenue and MRR growth in the half - year period ended 31 December 2020 were impacted by the continued appreciation in the Australian dollar , particularly against the US dollar . While North American MRR in US dollars increased by 26 % from Jun - 20 to Dec - 20 , the reported growth in AUD was 15 % due to a 9 % appreciation of the Australian dollar . AUD / USD exchange rates were volatile over the previous four quarters . North American MRR growth QoQ has been more consistent when measured in local currency . Further 1 North America reported positive EBITDA on a regional basis in 2QFY21 . 2 Direct network costs comprise data centre power and space costs , physical cross connect fees , bandwidth and dark fibre costs , network operation and maintenance fees , and channel commissions , which are directly related to generating the service revenue of Megaport Group .