I subscribe to Fat Prophet and they did an update on there 9SP holdings, basically they covered VMUK and work being paid for and the uptake of revenue as part of the USD 2.16m contract.
Other interesting comment mentions On the subject of pipelines, 9Spokes is seeing ongoing business development with pipeline activity including running apaid proof of conceptwith an undisclosed financial institution, which is providing qualitative feedback targeted to that market and institution. Concurrently, 9Spokes is running business development activities through direct enterprise sales and campaign-based initiatives.
Summary 9Spokes is off to a good start for this fiscal year having clinched a crucial deal while also making progress in its product suite. We also like how 9Spokes continues to utilise prudent financial management to minimise cash burn and extend the company’s longevity as it continues to scale up. It seems that 9Spokes is well on track to bring its platform to greater exposure and eventually, due to the network effect, strengthen its investment case even more.
9SP Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
