1 February 2022: Schrole Group Ltd (ASX: SCL) (“Schrole” or the “Company”) provides the following additional information in relation to the Rio Tinto bookings released to the Australian Stock Exchange on 27 January 2022. While the value of the bookings remains confidential, the Company considers it financially material with guidance of between 15% and 20% of the revenue reported for the year ended 31 December 2020 ($6.1m)
Just released its most bullish quarterly in a very long time with $1.7 million in receipts • Increased quarterly cash receipts growth rate of +44%, from September to December Quarter to ~$1.7m Traction in new markets • Positive December Quarter operating cashflow of +$277,000 On track for release of Engage 1.0 in March Quarter 2022, with 51 schools currently beta testing, completing release of expanded Schrole HR SaaS suite Well funded with around $5 million
Surely deserves to be trading at well over a $15 million Market Cap
Schrole Comparison in sector
SCL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
