My thoughts… $18-19M revenue confirmed for the financial… of which does NOT include ongoing / recurring multi-year contracts. I’d say that’s pretty amazing especially now with a beaten down SP & $64M/cap. Now the question what is the value of the ongoing / recurring contracts in addition to what has been confirmed?
The updates on linkedin & ASX announcements recently confirm what seem like eternity old, perhaps even forgotten partnerships & contracts are STILL progressing with the big players such as Dell, Olivetti, Toshiba Tec, Cisco. So many components to this business its hard to keep up, but its exciting & positive that there is such a wide range of offerings & it appears news is getting out of them via our advisors & partners. Remember still silence about Blank Canvas, Automotive, Healthcare, Autodesk etc etc, all of which still chugging along in the background no doubt.
The higher expenditure of last quarter that has been targeted here regularly was previously explained as more of a 1-off, unlikely be repeated in preparation for what they see as huge growth in the products. Setting up for some of these big deals they've been working on. It’s the last day of financial today. Lets hope the new financial brings positivity to the market & a better appreciation of what the Vection team is building here. Have a top day all.
VR1 Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
