In the last 18 months of results up to 31/12/22 they have secured $18M + $22M of sales orders from new customers. With a 96% renewal rate this is $38M of recurring revenue that will be renewed at all different points in time. I include capital sales as recurring revenue as even though it's an upfront licence fee, there's a 96% chance it will be renewed i.e.after 5 years.
In the last 18 months of results up to 31/12/22 they have...
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