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Be the first with the news that moves the market - Datable (DAC) has signed a two-year renewal agreement with a global consumer goods company
- The agreement pays Datable approximately $300,000 in license fees and rewards, including upside based on incremental transactions and programs
- The company now has over $3.8 million in revenue expected to be recognized in 2022
- Datable Technology is the developer of PLATFORM3, a consumer lifecycle and data management platform for global consumer brands
- Datable (DAC) is unchanged trading at $0.015 per share
Datable (DAC) has signed a two-year renewal agreement with a global consumer goods company.
The agreement pays Datable approximately $300,000 in license fees and rewards, including upside based on incremental transactions and programs.
The gross margin on the revenue is expected to be more than Datable’s gross margin for Q1 2022 due to the product mix.
Datable now has over $4.7 million in revenue under contracts, of which over $3.8 million is expected to be recognized in 2022.
“This renewal and extension of our agreement is a further validation of the ROI our platform is providing to global consumer goods companies,” said Robert Craig, Datable’s CEO. “This two-year renewal into 2024 provides us an opportunity to build on the consumer data-driven programs we delivered in the initial one-year license.”
“There is a significant upside in this relationship,” he added, “since we are currently contracted with only one of their 32 global brands.”
Datable Technology is the developer of PLATFORM3, a consumer lifecycle and data management platform for global consumer brands.
Datable (DAC) is unchanged trading at $0.015 per share as of 9:30 am EST.