Ava Risk Group Limited

ASX:AVA

Ava Risk Group Limited

ASX:AVA
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$0.071 (-1.4%)
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Reports (17) My Report Forum Investors
Forum Topics AVA AVA ASX Announcements

Pinned straw:
DrPete
Added 7 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 7 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 7 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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