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20/10/20
09:49
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Originally posted by milesy
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Scout would have needed approval from their billion dollar plus partner to put a $ figure to the contract. I am actually surprised they allowed it.
And I am glad the ASX made them. That is a fantastic initial order, and gives as idea if the size of the deal, considering this is just one of numerous markets they will be hitting over the term of the contract.
Also hink of the recurring revenue once hardware is sold.
$US 200k for an initial order. That is some decent substance missing from the initial announcement now known by the market.
Gotta re-rate and hold share price gains soon.
Milesy
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US$200k is significant compared to the A$700k cash last quarter - certainly bodes well and a re rate is on the cards