Felix Group Secures 3-Year Contract Renewal with CIMIC Group

An update from Felix Group Holdings Ltd. ( (AU:FLX) ) is now available.

Felix Group Holdings Ltd has renewed its contract with CIMIC Group Limited, Australia’s largest construction company, for an additional three years, generating $2.02 million in revenue. The renewal includes a 29% increase in the first-year contract value compared to the previous contract, driven by increased user accounts. The initial payment of $1.44 million will help smooth cash flow fluctuations, and the renewal ensures Felix remains operating cash flow positive for the third consecutive quarter, reinforcing its focus on maximizing contractor ARR growth.

More about Felix Group Holdings Ltd.

Felix Group Holdings Ltd operates a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace. The company focuses on connecting contractors and third-party vendors by digitizing, automating, and streamlining procurement-related business processes to reduce supply chain risk and enhance transparency and governance.

YTD Price Performance: -19.57%

Average Trading Volume: 62,273

Technical Sentiment Signal: Buy

Current Market Cap: A$37.83M

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