FlexiRoam Expands Payment Terminal Connectivity in Australia
Key points
- Multi-year agreement with an Australian payments group
- Expected annualized recurring revenue of A$0.32M to A$0.44M
- Extends FlexiRoam's established payment-terminal connectivity business
Full summary
FlexiRoam Limited (ASX:FRX) has entered into a multi-year connectivity agreement with an established Australian payments group. The agreement involves providing SIM and eSIM data connectivity for payment terminals across Australia. The agreement is expected to generate annualized recurring revenue of approximately A$0.32 million to A$0.44 million by the end of 2027, based on current planning assumptions. The agreement extends FlexiRoam's payment-terminal connectivity business into Australia, aligning with the company's strategy to scale recurring B2B and enterprise partner revenue on its AI-powered global connectivity platform.
Guidance
Annualized recurring revenue of A$0.32M to A$0.44M by 31 December 2027
Outlook
The agreement is expected to provide a multi-year recurring-revenue opportunity in Australia, expanding FlexiRoam's established payment-terminal connectivity business.
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