Eventually this will be reflected in the SP - is that rise going to be today?
What's not to like about this announcement:
Contract with Nexa Resources for $170K first year.
First contract in Brazil.
K2F now in 40 countries and over 200 sites - lots of cross selling opportunities.
Another SaaS contract - high margin & recurring.
US SEC regulations coming soon - from 1 January 2021 (with 12 months to implement). This will be huge for RCubed - which is one of the few (if not the only) off the shelf solution at the moment for this mandatory requirement in the USA.
Joint listed companies like BHP and RIO are affected by the US SEC regulations - so can K2F strengthen their existing relationships with these massive mining companies via RCubed?
Infoscope in a great space (social licence etc) - and is also growing.
ARR up 29% from last quarter, approximately 140% in last year (from memory).