Vection Technologies: Expects TCV boost for FY22

November 18, 2021

564

Vection Technologies: Expects TCV boost for FY22

Must read

Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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