Ixup's (ASX:IXU) annual revenue that is already under contract has reached the AU$9 million to AU$10 million range, with more deals on the horizon, according to a Thursday filing with the Australian bourse.
The security technology-focused company said it is undertaking "strong engagement" with "several potential customers."
"As a result of these various discussions, IXUP can confirm that its qualified pipeline of opportunities is growing, which should lead to confirmed contract tender opportunities shortly," the company added.
Ixup's shares rose 8% at market close on Thursday.
Price (AUD): $0.01, Change: $+0.00100, Percent Change: +8.33%
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