Tech: Another big quarter for Vault, which is up ~168% since early July
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Software maker Vault Intelligence (ASX:VLT) has once again jumped off the back of a positive quarterly.
On July 29, when its last quarterly came out, the stock rose 17 per cent. Today it’s up another 10 per cent and is up 168 per cent since early July.
It also reported a 98 per cent customer retention rate.
But this morning’s quarterly was not the only good news. Vault announced a new client for its Vault Solo software, a workforce management ecosystem that traces workers so the company can monitor productivity.
The contact with security systems provider ADT New Zealand is for 5 years and its total value is a minimum $6.8 million.
Vault told shareholders this morning it had delivered $14 million in new contracts this financial year and was confident it would meet $10 million CARR by the financial years’ end.
Vault CEO David Moylan hinted if it met ADT’s expectations it could be extended beyond New Zealand.
Kiwi banking software stock 9Spokes (ASX:9SP) has jumped 11 per cent after its quarterly. Customer receipts increased 43 per cent to NZ$2 million ($1.87 million) and net operating cash outflows fell nearly 70 per cent to NZ$500,000 ($467,000). While the company has not reached break-even just yet, CEO Adrian Grant said the company was making ‘good progress’ towards reaching this.
Family Zone Cyber Security (ASX:FZO) has now won over 1000 schools as clients. This time last year it only had around 600. Of its current client base over half are in the US and it wants to win more of this market because of its size. The company told shareholders the US education sector had over 100,000 schools and 50 million students. You may remember this company as the one that stood against the proposed phone ban in Victoria schools.
Adslot (ASX:ADJ) has won America’s 2nd largest media agency Media Storm as a client. Adslot’s automates the buying and selling of display ads on the internet and MediaStorm will use this platform to conduct guaranteed media buying. The contract will begin this quarter.