Australia's Alcidion jumps on Leidos contract extension

Alcidion

17/11/2025 03:23

** Shares of Alcidion Group ALC.AX rise as much as 12.2% to A$0.11, set for their strongest session since September 17, if current gains hold

** Healthcare tech co to extend contract with Leidos Australia till June 2028 for A$12.3 mln ($8.02 mln)

** Extension to expand use of flagship healthcare software product Miya Precision to enable Leidos to deliver further solutions to the Commonwealth of Australia

** Miya Precision provides clinicians with actionable insight by using AI for consolidating information from disparate systems, according to co's website

** Contract renewal to add annual recurring revenue of A$2.5 million

** Co expects A$5.5 million-A$6.5 million in new revenue in FY26 through renewal

** ALC jumps 83.3% YTD, including day's moves

($1 = 1.5342 Australian dollars)

 (Reporting by Aamir Shaik Khalid in Bengaluru)

 ((aamir.sheikkhalid@thomsonreuters.com))