Stakk secures $55.2M FY27 revenue target
- Stakk secured its $55.2 million FY27 revenue forecast under recurring customer contracts.
- The announcement supported a 17.65% increase in the company's share price to $0.02.
- New international contracts across Europe, Asia, and the Middle East will drive financial growth beyond FY27.
Stakk (ASX:SKK) fully secured its $55.2 million FY27 pro-forma consolidated revenue forecast using recurring customer contracts.
The business backed its entire 12-month target ending June 30, 2027, ahead of schedule following recent contract additions.
New contract wins across Thailand, Italy, Dubai, Ireland, and Scotland will primarily generate revenue for FY2028 and beyond.
Stakk CEO Emiliano Giacchetti said, "Shareholders can see the trajectory at which Stakk is growing. $55.2 million is no longer the revenue we are trying to win. It is contracted."
The company stated that U.S. operations continue to perform ahead of management expectations while supporting international plans.
Following the announcement, the Stakk share price was up at $0.02.
Stakk plans to open a global service-delivery hub and technology headquarters in Singapore in November.
The business currently serves more than 300 enterprise customers and processes over 110 billion interactions each year.
