Ann: FY23 Annual Report, page-4

look at this FY24 and comments from Kate particularly this word.
Alcidion begins FY24 in a strong position with $33.7M of contracted and scheduled renewal revenue to be
recognised in FY24 and expects to materially build on this base figure with new contracts and contract
extensions throughout the year.
Alcidion continues to have deep engagement with new and existing customers relating to further module
sales which is occurring against a backdrop of increasing referenceability. The previous investment in
resourcing can support a materially larger business which provides added confidence in the outlook for
Alcidion.

And look at the margin is also improved and with no more payment for Silverlink this will just go one way --- profit and up.