EVS continues to build out its product portfolio across air,...

EVS continues to build out its product portfolio across air, water and noise as it creates world-leading predictive solutions across wastewater and water, mining, airports and industrial customers. Our ARR is building and, with a solid Q3 pipeline of $12.0m, we expect to push toward an even higher, normalised run rate of new ARR sales. Our success in adding 19 new customer sites during the quarter demonstrates our excellent product-market fit and the exciting potential that EVS has to address the $2.3bn market identified by the Company.(ASX: EVS) Closed deals in Q2 - 2021 New ARR$1,150,000 New sites by sectorAirports 3 Construction 4 Industrial 3 Mining 1 Water & Waste 8 Total 19New ARR & One OffAirports Construction Industrial Mining Water & Waste *Churn is the sum of any ARR contracts not renewed during the quarter as a % of total ARRN. America$1,778,000 EMEA$1,203,000 One-off$3,031,000APAC$867,000 S. America$415,000 Churn*0.15%

I suspect that the broader market is asleep at the wheel when it comes to EVS and it’s targeted projections for Q3. Looks like the market is either sceptical or just blissfully unaware of EVS’s intentions whilst it quietly goes about it’s business of signing on new customers and retaining the vast majority of it’s current customers adding to and building on its current ARR stream. Shouldn’t be of any great surprise really given it’s low market capitalisation. Eventually Covid’s impact will diminish as vaccines are distributed. Seems to be defensive business when ARR is increasing during a global pandemic so anything can happen as we slowly exit the impact of Covid over the coming years. All going well increasing profitability will take care of the SP and MC. Sooner or later EVS will come to the attention of the broader market. To me it looks like the recent bottom is in. I increased my holdings by another 25% yesterday on a non competitive day fit for accumulation IMO after cashing in my chips on WBC.
GLTAH