So it looks like the base recurring revenue for FY19 will be $750k+ on current contracts announced only - so this is a conservative figure. The major contributor contracts are:
- Edmonton
- Calgary (initial contract and addendum)
- Brisbane City
Potential upside includes NSW Roads, Changi Airport and other Aust based councils.
In my opinion revenue for FY18 will be $3,790mil with $2mil in the second half (and $1.79 in the first half previously announced).
Looks a pretty creditable first year as a listed company. All of the above is my opinion only and you should do your own research before investing.
SNS Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
