Agree, it would be good to get visibility on how much is...

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mondyinvest

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30/06/22

12:36

Post #: 62294640
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Originally posted by justbyanose: ↑

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.

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Agree, it would be good to get visibility on how much is actually recurring. Now they've basically confirmed $18M as the FY22 revenue figure, this is what I get for the quarter and full year, FWIW. All expenses are averages of the prior three quarters, except for staff costs which I'm assuming are flat verses prior quarter:

The market is forward-looking so it is hard to put a fair value on the company for where it is right now, without the above information - but it'll come.

VR1 Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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