11 Feb 2019 07:00
Actual Experience plc
(the "Company" or "Actual Experience")
Channel Partner Update
Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce that, further to the announcements made in August 2017 and October 2018, it has received a new Open Purchase Order ("PO") from one of its channel partners. This new instruction brings the cumulative total to more than four times the value originally ordered in August 2017. The previously existing PO value has been utilised to support recent monthly sales invoices and the increased value of the PO is required to facilitate expected levels of future billings.
This uplift in order value reflects continued commercial momentum with this partner. Specifically, the PO will enable the partner to undertake deployments with an increasing number of its customers without the need to submit individual orders for each new customer and deployment stage. As before, this expanded PO has no set time limit and therefore does not represent a revenue commitment within a specific timeframe.
Dave Page, CEO of Actual Experience, commented:
"We are excited about the pipeline development progress made by two of our partners since the two large scale deployments announced last year. This continuing expansion of the Open PO with one of these partners reflects their own internal forecast for our product and their commitment of resources to meet that forecast. We view the open PO, its continued expansion, and the significant increase in engagement from both partners, as leading indicators of future revenues, most likely in the second half of this year. The value of the previously announced deployments combined with the scale of our partners and their evident commitment reinforces our belief that each partner has the potential to generate at least $10m annual revenue to Actual Experience."
Enquiries:
Actual Experience plc via Alma PRDave Page, Chief Executive Officer Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496 3000Shaun DobsonLauren Kettle
Alma PRJosh Royston Tel: +44 (0)7780 901979Caroline Forde Tel: +44 (0)7779 664584Robyn Fisher Tel: +44 (0)7540 706191
About Actual Experience
Actual Experience's analytics provide the digital Voice of the Customer. This is a real-time, data-driven view of what end users would say about the quality of a company's digital products and services, and why. Our customers can analyse everything that impacts the experience quality in their digital supply chains, for any service, type of user or the Internet of Things. It gives them complete transparency from the point of provision to the point of use and whether inside or outside their business's control. The insights can be used to make continuous improvements to their business performance.
Actual Experience is a listed-company on the London Stock Exchange (ACT). Our development Headquarters are in Bath, UK, and we also have offices in London. Actual Experience's unique digital analytics as a service is founded on ten years of cutting-edge research at Queen Mary University of London.
www.actual-experience.com