Vection Technologies: Expects TCV boost for FY22

Vection Technologies Expects TCV boost for FY22

• Vection Technologies (VR1) trades sideways after the company said it had continued to grow its total contract value (TCV) over the 2022 financial year.
• As of November 17, Vection’s current TCV is around $9 million — an 80 per cent increase compared to the September quarter
• On a sector-by-sector basis, 44.7 per cent of Vection’s TCV comes from the Defence, Military and Law enforcement sector
• Additionally, Vection notes that over 8.4 million unlisted options have been exercised for just over $951,000, bringing its total cash in the bank to approximately $7.8 million
• On the market today, Vection is in the grey and trading at 18 cents per share