Instem has announced a major contract extension with an existing customer for its Provantis study management software. The contract extension is worth $1.4m, of which some $1.2m is perpetual license fees (and historical usage charges) that will be recognised immediately. We make no changes to estimates, but clearly this revenue (which will carry a very high gross margin) provides material additional comfort around, and reduces risk within, our FY22E forecasts. The win emphasises the strong ma ....
22 Dec 2022
PROGRESSIVE: Instem: Major license fee underpins full-year result
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PROGRESSIVE: Instem: Major license fee underpins full-year result
- Published:
22 Dec 2022 -
Author:
Gareth Evans | Blaine Tatum -
Pages:
3
Instem has announced a major contract extension with an existing customer for its Provantis study management software. The contract extension is worth $1.4m, of which some $1.2m is perpetual license fees (and historical usage charges) that will be recognised immediately. We make no changes to estimates, but clearly this revenue (which will carry a very high gross margin) provides material additional comfort around, and reduces risk within, our FY22E forecasts. The win emphasises the strong ma ....