RE: RNS breakdown3 Dec 2020 07:33
TL there is certainly a lot to digest in that RNS and worth reading several times. Another thing that caught my eye was the reference to the further 300% projected growth in 2021 over the full year 2020 but it specifically says excluding any ACE-NIC business, that statement for me is very significant.
"Anticipated revenue for 2021 based on both signed contracts and customer forecasts received from existing licensing contracts, excluding any ACE-NIC business, currently account for approximately 60% of the Company's total forecast FY 2021 revenue. This represents a further growth of 300% over the current FY 2020 market expectations. Delivery, and revenue recognition, is expected to commence in Q1 2021 and to ramp up throughout the year".