Contract Conversion with Major Australian Retail Bank
| Stock | Rocketboots Ltd (ROC.ASX) |
|---|---|
| Release Time | 19 Nov 2025, 9:36 a.m. |
| Price Sensitive | Yes |
RocketBoots Secures Contract Rollout with Major Australian Retail Bank
- Successful retail banking trial converts to contract rollout
- Scope for RocketBoots' AI-powered software to deliver better service and cost optimization
- Initial Stage A rollout revenue of $190K in year 1, with potential for future site extensions
RocketBoots Limited (ASX: ROC) has announced that a retail banking customer has triggered their Stage A rollout option for RocketBoots' AI-powered software. This contract conversion follows the announcement of the trial won on 11 August 2025 and demonstrates RocketBoots' decreasing trial time with customers and success in conversion to a contract rollout. The contract rollout will see RocketBoots' software deployed across additional non-trial branches across Australia, with the scope to deliver better service and cost optimization of the customer's retail branch operations. The revenue for the Stage A rollout is approximately $190K in year 1, representing less than 10% of the total branches for the customer. Installations are due to commence immediately, and future site extensions are being evaluated with decisions expected in Q1 CY26. The contract terms include annual software license invoicing in advance and activation fees invoiced the month of installation. The initial Stage A rollout is expected to be completed in FY26, with the contract term being 12 months. The customer may terminate the agreement in the event of a material breach by RocketBoots or for convenience with 30 days' notice. RocketBoots CEO, Joel Rappolt, stated that this strengthened commitment from a major Australian retail bank validates their software and confirms a faster trial-to-contract conversion pathway, enabled by a strong product-market fit, a capable team, and lessons from 14 ongoing international trials and negotiations.
The initial Stage A rollout is expected to generate approximately $190K in revenue in the first year, representing less than 10% of the total branches for the customer.
RocketBoots continues to progress advanced commercial discussions across 14 international enterprise customers, representing ~20,000 potential sites across grocery, retail, and banking verticals.