A new 12 month high.
A summary from today
Revenue was slightlylower than previous quarter (excluding the R&D rebate in Dec 23) Recurringrevenue was approx. $100k higher for the quarter as new smaller contractscontinue to be won. Overall cashflow was a negative of $139k with $2.1 mill incash.
Winsin the quarter were $2 mill in subscription extensions and networkinfrastructure upgrades to Pilbara Minerals, Shell, Anglogold, Iluka, NorthernRise and Genesis. Meanwhile, in Aged care, 3 aged care provider facilitiesactivated on-going subscription revenue, all of which will become apparent inthis coming quarter.
Interestinglythe company has provided an outlook statement with reference to both mining andAged Care.
Mining: The recentspike in gold prices has led to increased enquiry from the gold sector. The low hanging fruit in the resource sector is alwaysbrownfield developments as opposed to greenfields, and gold producers are agood example of this, as they look to retain employees on site with a betterworking experience.
Agedcare:As highlighted in their outlook statement, the recently completed Aged CareTaskforce final report has specifically stressed “the importance of innovation in the sector, encouragingproviders to adopt new technologies that could improve efficiency,communication, and overall resident experiences.” This has led to anincreased enquiry rate from Aged Care providers, as they seek to get ahead ofthe curve before the Taskforce recommendations get put into legislation.
While not a lot of excitement for the quarter. Swift may have finally turned the corner.
