Brief: Alcidion Posts Total Contracted Revenue At End Of Q1 Of A$35.3M

Alcidion

31/10/2023 10:10

Oct 31 (Reuters) - Alcidion Group Ltd  ALC.AX :
    * TOTAL CONTRACTED REVENUE AT END OF Q1 OF A$35.3M, UP 12%
ON PCP
    * CONTINUE TO WORK TO BEING BOTH EBITDA POSITIVE AND
OPERATING
CASHFLOW POSITIVE FOR FULL YEAR FY24
    * Q1 NEW TCV SALES OF A$2.5M, UP 39% ON PRIOR CORRESPONDING
PERIOD
    * FIRM COMMITMENTS TO RAISE A$5.0M VIA INSTITUTIONAL
PLACEMENT,
WITH INTENTION TO RAISE UP TO FURTHER A$1.0M VIA SPP
    * PLACEMENT AT AN ISSUE PRICE OF A$0.075 PER SHARE

Source text for Eikon:  ID:nASX7P8HFV 
Further company coverage:  ALC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))