Intercede Secures New Contract Orders and Renewals Worth $1.5M
Why we think this is good
The RNS announcement indicates that Intercede has secured a series of new contract orders and renewals worth around $1.5 million in total. This is a positive development as it suggests the company is maintaining momentum and expanding its customer base, particularly in the US federal and defence sectors. The orders include both new license sales and renewals, providing some multi-year revenue visibility. While the total value is relatively small compared to the company's market cap, the fact that the orders are being fulfilled through the company's partners and are expected to have a positive impact on earnings is encouraging.
Key Points
- New contract orders and renewals worth around $1.5 million
- Orders include license sales and renewals for MyID CMS product
- Customers include US federal government agencies and defence suppliers
- Orders expected to have positive impact on earnings in FY26
Summary
Intercede, the cybersecurity software company, has announced a series of new contract orders and renewals worth approximately $1.5 million in total. The orders include new license sales and renewals for the company's MyID CMS product from various US federal government agencies and defence suppliers. These orders are expected to have a positive impact on the company's earnings for the current fiscal year (FY26).