$200-300M FY19 is a pretty big window. In any event it would represent a big acceleration and/or a very serious major contract/s.
Their current run rate is +-$30M/Yr (recurring), which has been stabley growing by +$1-2M/Yr.
I expect S1 to perform very strongly and add the bulk of new recurring revenue for the year, but going off FY7 M1 has really slowed down (as it approaches capacity).
Will be different in a couple of years where they are not capacity constrained in Sydney/Melbourne.
NXT Price at posting:
$6.09 Sentiment: Hold Disclosure: Held
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