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Vault Intelligence Ltd

Vault Intelligence 'buoyant' with record quarterly results and advanced commercial negotiations

Vault Intelligence Ltd (ASX:VLT) chief executive officer David Moylan updates Proactive Investors on the software company's record quarterly results.
 
Contracted annualised recurring revenue (CARR) growth was $542,000 for the March quarter, lifting total CARR to $4.77 million.
 
This represents a 20% increase on the previous quarter and the company expects to achieve its market guidance of $6 million CARR by the end of June this year, based on several material opportunities at advanced stages of commercial negotiations.
 
Cash receipts were also the highest for any quarter, amounting to $1.36 million with $942,000 in receipts from customers as well as $420,000 from government refunds.

Quick facts: Vault Intelligence Ltd

Price: $0.29

Market: ASX
Market Cap: $29.33 m
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