Stakk (ASX:SKK) said it secured nine additional financial institutions for its platform in February, collectively representing around AU$1.7 million in annualized run-rate revenue upon go-live, according to a Tuesday Australian bourse filing.

The company said June will be the first full month reflecting aggregate monthly recurring revenue of about AU$140,000 across all nine clients.

The company has scheduled go-live between March 3 and the end of May, with revenue commencing upon activation and billed monthly in arrears, the filing added.

Stakk added that gross margins continue to range between 75% and 82% quarterly, and over the past 36 months, it has not seen customer churn.

Stakk anticipates seeing a run-rate of about 5% of annualized run-rate revenue by the end of calendar 2026, although it is currently generating negative net profit after tax.