The recurring revenue will not only come from Aura IQ. In fact,...

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marmikp

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29/10/20

17:39

Post #: 48500746
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Originally posted by saintex: ↑

@marmikp

I read their presentation, but did not have time to listen to the CEO podcast.
Thanks for mentioning the list of "blue chip users". I had already seen it in their presentation.

I got the point about the recurring revenue and agree that it is probably one of the most interesting part of this story. It will be great if they are able to replace one off sales from the Indian contract with recurring revenue (even if is probably at lower margin).
Just one element I did not get : the recurring revenue is expected to come mainly from Aura IQ ?

Thanks for answering my question about the timing of Aura orders, expected this quarter.
Once again, I am a bit surprised that they are so optimistic about Aura, while they have not yet received their first contract.
Just my opinion.

Too bad we can't ask questions without people getting immediately so defensive.
These are real questions to help me better understand the story.

I may do a pause on HC if reactions are getting so nervous.

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The recurring revenue will not only come from Aura IQ. In fact, we already have repeat business from existing customers as mentioned by the CEO:

Also, if you read the first bullet point, FY20 revenues increased by 46%. On the podcast, the CEO mentioned that their revenue has been increasing by 50% since the last few years and also hinted towards more growth.

Hope that resolves all your queries.

AVA Price at posting: 65.5¢ Sentiment: Buy Disclosure: Held
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