Enlitic (ASX:ENL) secured 20 new agreements, across migration technology contracts and software license agreements for its product, Ensight, for a total estimated contract value of about AU$2.5 million in revenue, according to a Wednesday Australian bourse filing.
The company expects 75% of revenue from these new agreements to be recognized in the current year to reach an operational cash flow break-even by the end of the year.
The company's shares fell 4% on market close.
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