- Rocketboots (ROC) renews a “major” contract with an undisclosed Australian and New Zealand retailer to June 2023, earning over $309,835 during the renewal period
- The company says the undisclosed retailer renewed its Beehive subscription for another 12 months, paying the full cost in advance
- Commenting on the contract, the company says the agreement demonstrates the long-term value of Beehive to retail customers
- Shares in Rocketboots closed at 11 cents
Rocketboots (ROC) has renewed a “major” contract with an undisclosed Australian and New Zealand retailer to June 2023.
The company said the undisclosed retailer renewed its Beehive subscription for another 12 months, which is expected to deliver $309,835 in earnings.
It has received the full payment for the renewal in advance.
Commenting on the contract, the company said the agreement demonstrates the long-term value of Beehive to retail customers.
It has been a busy few months for the company with multiple contracts, most recently with insurance company Suncorp.
Suncorp extended its Beehive subscription in July for another two years to 2025, which will earn the company a further $275,000.
The Beehive software is used by Suncorp to identify opportunities to improve service levels and put latent capacity to work though evidence-based schedule changes.
Additionally, in June the company’s shares soared on the announcement of its partnership with NVIDIA.
The company uses NVIDIA’s high performance computing platform to deliver advanced computer vision capabilities to Beehive.
Shares in Rocketboots closed at 11 cents.