Euroz has updated its coverage. No change to price target of 13 cents but a few helpful comments repeated below:
Key Points:
- 14 new commercial SaaS agreements signed during Qrt (up from 10 in June’Q)
- Customers added include national leaders and SMEs across 5 countries
- First North American client was added during the Qrt
- Giga Maritime Group (GMG) was among national leaders signed this Qrt
- GMG is a Malaysian automotive and vehicle logistics company moving +250k vehicles per annum
- Sep’Q finished with +A$1.2m in contracted revenue from existing agreements recognisable over next 24 months, this not including applicable per transaction (delivery) revenue earnable on top
- Cash receipts of A$156k recorded during Qrt, down QoQ mostly due to timings moving payments into Dec
- Finished Qrt with $2.13m cash
- Speculative Buy recommendation and $0.13/sh price target maintained
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)