Here's some background, not advice.
Yojee has entered into a 3-year subscription agreement in the Philippines with Kuehne Nagel.
That agreement is now live, as announced today.
The fee structure for such an agreement has 2 components - a monthly subscription fee plus a fee per item tracked.
The June company presentation shows the monthly subscription fee at $1,500 to $4,000.
The June company presentation shows the transaction fee per parcel at $0.20 per parcel. Today's announcement says there were around 10,000 parcel movements on day 1. Do the maths. The announcement says: "While it is premature to estimate annualised volumes based on first-day volumes, this has the potential to become material over time". (Under ASX disclosure rules, I don't think the company can say much more now about anticipated revenues)
Also from today's announcement:
"Originally expected to go live in the Philippines at the end of July 2020*, the entrance into the market also paves
the way for more enterprise and SME clients to utilise Yojee in the Philippines."
That last statement is blue sky, but the Kuehne Nagel agreement is real $$$.
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Here's some background, not advice.Yojee has entered into a...
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