Ava Risk Group Limited

ASX:AVA

Ava Risk Group Limited

ASX:AVA
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$0.053 (-1.9%)
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Forum Topics AVA AVA ASX Announcements

Pinned straw:
DrPete
Added 10 months ago

New contract for AVA in India monitoring a gas pipeline. Contract value A$0.9m.

They mark the announcement as price sensitive, which feels questionable, but reflects Mal's past tendency towards overstatement. Still, a nice win.

I'd like to know breakdown of contract between hardware and software deployment, and one-off vs ongoing revenue stream.

They say delivery is expected to occur in the current quarter. That seems ambitious for hardware deployment across > 1000km of pipeline. There are some details missing to be able to make full sense of this announcement.

06jp924hbwnr30.pdf
Bushmanpat
Added 10 months ago

I'm guessing the fibre line was laid as part of the construction and AVA just have to install the monitoring/sensing boxes.

Nice little win. Keeping and extending the relationship with a current customer but not yet a 7 figure win. @DrPete I agree re the revenue breakdown. The release also states delivery this quarter but not when the revenue will be recognised or over how long.

18
Strawman
Added 10 months ago

Agreed @DrPete -- nice to see a contract win, but it was thin on details. Trying to chase Mal up for another interview -- there's a few questions i'd like to put to him.

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