Vection Technologies (ASX:VR1) reported AU$14 million in cash receipts in the current quarter to date of Dec. 12, up about 180% from the previous quarter and up about 115% from 2024, according to a Monday Australian bourse filing.
The total contracted value (TCV) across all programs is now about AU$27 million, and the total three-year forward rolling pipeline in negotiations till Dec. 12 is about AU$50 million, excluding TCV, the filing added.
The company said that its capital deployment following the AU$21 million capital raise is progressing as planned.
The company's shares fell 6% in recent Monday trade.