The Technology Division continued to be heavily affected by Covid restrictions, but signed a seven-year agreement in May 2021 with a North American manufacturer that services primary industries to supply LaserBond cladding equipment during FY22, providing upfront revenue of $1.5 million, with ongoing licence fees and expected consumables sales of circa $0.8 million. The business expects to sign a further two such agreements in the current financial year with revenue contributions flowing through in the same year, and plans to maintain this sales level in future years.
WOW this wonderful co also masters of understatement.
LBL Price at posting:
96.0¢ Sentiment: Buy Disclosure: Held
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