Brief: Alcidion Group Reports Q3 New Sales Of A$4.0 Mln

Alcidion

27/04/2023 02:56

April 27 (Reuters) - Alcidion Group Ltd  ALC.AX :
    * ALCIDION GROUP LTD -  Q3 NEW SALES OF A$4.0M
    * ALCIDION GROUP LTD -  FY23 CONTRACTED REVENUE AT END OF Q3
OF
A$36.0M
    * ALCIDION GROUP LTD -  CONFIDENT ABOUT THE OUTLOOK FOR
ALCIDION
    * ALCIDION - CURRENT DELAYS IN PROCUREMENT OUTSIDE OF
ALCIDION’S
CONTROL, THESE TIMING DELAYS MAY HAVE AN IMPACT ON REVENUE FOR
FY
    * ALCIDION - WE MAY NOT DELIVER A POSITIVE EBITDA FOR FY23
AS
INTENDED
    * ALCIDION - IMPACT OF A LONGER SALES CYCLE MAY CHALLENGE
ACHIEVEMENT OF A POSITIVE EBITDA RESULT IN FY23
    * ALCIDION - EXPECTS APPROXIMATELY A$2.1M OF Q3 NEW  SALES
TCV TO
BE RECOGNISED AS REVENUE IN FY23
    * ALCIDION - EXPECT CASH RECEIPTS IN Q4 TO FOLLOW A SIMILAR
GROWTH
TREND TO PREVIOUS YEARS

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