Forum Topics CCA CCA Card issuance - A big deal

Pinned straw:

Added 3 years ago

Today's announcement .. minimum rev of $2.9m AUD per year for five years. About a 25% increase in rev for cca. Bear in mind that cca alreadt manages 16m+ cards globally .. but none of those are as issuer. Vertexon is cca's card issuance and management business and is about 50% of rev. So call it currently rev per card of 5m/16m = $0.31c / card. Whereas the cards announced today will be delivering $2.9m rev on 35,000 cards. Rev per card of $82. Where would rev land if cca can convert 5% of their current cards to issuance cards ? You do the maths ... a company roadshow is about to commence btw and I'd expect this to be the core inference ...