ASX-listed Limeade hits over 4-month high on $5.1 mln contract

Limeade

28/12/2022 24:32

** Shares of ASX-listed Limeade Inc  LME.AX  rise as much as
12% to A$0.28, hitting their highest since Aug. 15
    ** Stock posts its biggest intra-day pct gain since Dec. 22
    ** The U.S.-based software-as-a-service co says it has
signed a three-year $5.1 mln enterprise contract with a
professional services firm, Marsh McLennan  urn:newsml:reuters.com:*:nFWN33H068    
    ** LME says contract represents Contracted Annual Recurring
Revenue (CARR) of $1.7 mln
    ** Says Marsh McLennan is slated to launch Limeade to its
global workforce in March 2023
    ** LME down 46.8% YTD, as of last close 
 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))