Alcidion Group Limited

ASX:ALC

Alcidion Group Limited

ASX:ALC
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$0.045 (-4.3%)
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mjdtan867
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Last edited 3 years ago
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#$9.5M deal with South Tees Con
stale
mjdtan867
Added 3 years ago
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Claude Walker from A Rich Life does a great breakdown of the recent deal here.

Update: Alcidion CEO Kate Quirke has gotten back to me and said: “The announced total contract value of $9.5M over 5 years includes all components of the total solution sold, including the resold OPENeP ePMA solution.  This solution however represents less than 20% of the total value of the 5 year contract.”

Overall, this is good news for shareholders as it suggests at least $6.5 million of recurring revenue from Miya, over 5 years. This in turn translates to about $1.3m per year in recurring revenue from Miya. That’s great news, and roughly in line with other contracts (albeit a bit bigger).