The Aussie Broadband Ltd (ASX: ABB) share price has been flourishing on the ASX this year. Shares in the telecommunications company have gained 40.5% since the start of 2021.
At the time of writing, the Aussie Broadband share price is $2.84.
That's around 50% more than it was at the company's initial public offering (IPO) in October last year.
Let's look at what Aussie Broadband has been up to lately.
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News driving the Aussie Broadband share price
The first time we heard from Aussie Broadband this year was when it released a trading update in late January.
The company stated it was expecting its earnings before interest, tax, depreciation and amortisation (EBITDA) to be between $6.9 million and $7.4 million for its first financial half-year – meaning it was set to smash its prospectus' predicted EBITDA of $12.66 million for the full 2021 financial year.
The update saw shares in Aussie Broadband close for 7.6% higher than they did in the previous session.
Then, in mid-February, the company released its results for the half-year ended 31 December.
The period saw Aussie Broadband's revenue increase by 89% – above its prospectus' forecast of 84.1%.
Additionally, its EBITDA reached $7.3 million.
The company's share price gained 6.6% on the back of its results.
Aussie Broadband released exciting news on 13 April that saw its share price close 4% higher than the previous session.
The company introduced its new white-label solution. The white-label solution will allow large retailers to provide their customers with some of Aussie Broadband's services through their own brand.
Aussie Broadband expects its white-label solution's first large retailer to provide it with 25,000 more customers.
The final time we heard from Aussie Broadband was in late May, when it upgraded its full-year guidance and named its first white-label customer.
Aussie Broadband advised it expected to record EBITDA of between $17 million and $20 million for the 2021 financial year, excluding the costs of its IPO. That's 38% to 62% higher than it previously predicted.
Aussie Broadband also announced its first white label customer will be Origin Energy Ltd (ASX: ORG).
The news saw the Aussie Broadband share price end the day 1.8% higher than its previous session.
