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Yes, but it is not timing of the IMOD contract in relation to...

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madamswer

16,423 Posts.

7985

03/08/20

17:23

Post #: 46271735
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Originally posted by Quanta ↑

The IMOD contract was meant to be staggered and payed during FY20. However due to Covid this was pushed back to FY21. Therefore 2/3rds of the contract will be cash receipt this FY. So expect higher cash receipts in FY21 not inlcuding $8m in cash. This is not including potential for new data network pipeline deals with significant tier 1 clients around the globe. Margins are very high here.

The services division is what is driving AVA's revenue and cash which should offset FFT's lumpiness.

I do believe AVA Services may be divested this year and/or go through an acquisition to provide a focused leadership.

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Yes, but it is not timing of the IMOD contract in relation to FY2021 vs FY2020 which is the question; rather it is the sustainability of that business beyond FY2021.

AVA Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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Last 12.5¢		Change -0.003(1.96%)		Mkt cap ! $36.19M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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