This could be the catalyst needed to break short term resistance between 1.2-1.4 range. Confirmed, ARR just jumped $2.2M per annum on this announcement alone. Massive milestone for the team, commercial launch of DSD & Swiftstatement.
"These achievements are significant commercial milestones for the Company that ensure continued revenue growth of at least $2.2m per annum, that includes $1.5m in the current quarter. Noting that both Capricorn and Spenda are investing heavily in go-to-market activities to deliver success with these critical strategic initiatives, which Spenda anticipates will generate strong maintainable ARR and growth into 2025. These minimum revenues represent a growth of 44% in annual revenue"
What other new revenue streams are planned between Capricorn & Spenda? Appears the real revenue growth that we have all been waiting for starts now.
SPX Price at posting:
1.1¢ Sentiment: None Disclosure: Held
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