Another contract announcement for AVA: 06jrxlmy2605nz.pdf

$1.1m for deployment of Aura Ai-X on an oil and gas filed for Abu Dhabi National Oil Company. Again they say deployment will occur this quarter.

Nice to get a 7-figure contract. And great names being added to client list.

Like the announcement 2 days ago for the India gas field, I'd like to know split of hardware/software, one-off vs ongoing revenue stream, how much revenue will be recognised this quarter.

Still, regardless of details, a strong couple of recent sales.

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

Just as we speak/write . . . trading update from AVA:

https://announcements.asx.com.au/asxpdf/20250430/pdf/06j7sqqrsc9rnh.pdf