IMO the biggest positive in this announcement is the scheduled implementation occurring in 1H21, or within the next 4 months. In the previous 4C they stated that the implementation had not occurred for the DTA, NIAA, NDNQFRRA or dept regional NSW. So you can expect both a significant uplift in implementation revenue (quarter on quarter) as well as the uplift in SaaS due to the now 10 departments in which are beginning implementation.
Previously SaaS was tracking around $650k per quarter, so expect this to be ~$750k-$800k per quarter by end of calendar year... Can see 8CO maintaining cash flow positive for the remainder of the year... Lots of upside, happy holder at current.
From this announcement. From the July 4C.
8CO Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
