The SurfStitch Group has reported a 40% sales hike in its 1H FY16 results, climbing to a growth of $5.7 million.
The company has attributed its growth to recent acquisitions including Garage Entertainment & Production and Surf Hardware International.
It also reported a pro forma EBITDA of $13.9 million up 363% from FY2015.
SurfStitch is now gunning to hit $1 billion in revenue in the next five years, with growth strategies in South America and Asia among its key focusses.
The company is expecting further double digit revenue growth during the second half of the financial year.
It has also determined that EBITDA growth will now be flexed based on investment around its global content strategy.
At this stage, its content network reportedly generates around 70% of gross profit margins.