5 year POS (Point of Service) agreement covering 22 large event venues in the UK operated by ASM Global, including arenas and racecourses in Manchester, Leeds and Newcastle. TCV (Total Contract Value) of GBP 1.96m (A$3.5m). Increase RR (recurring revenue) by GBP188k (A$335k).
Things are looking good. Ticks the boxes in terms of tech and reoccuring revenue. Also primed for when the world starts reopening. Hopefully their sales team have been smashing it during the past 6 months. Sound management with strong contacts. Backing this company to go to a $50M MC
~11.5mil market cap
~18mil recurring revenue
cash flow positive last quarter
Forager own 10%
Directors have been buying in the last month