Skyfii Ltd Inks 3-Year Pact With Home Consortium – What Investors Need To Know

Skyfii Ltd Inks 3-Year Pact With Home Consortium - What Investors Need To Know

Skyfii Ltd (ASX: SKF) operates as a data and technology company which captures, analyses and visualises customer behaviour data to provide retailers with actionable insights.

On 13 February 2019, the company stated through a release on the exchange that it has signed a three-year contract with leading large format retail landlord, Home Co in Australia.

The contract includes the deployment of Wi-Fi infrastructure and heat thermal people counting sensors across the Home Co portfolio, with 23 centres already having been deployed and a further 18 planned for future deployment (announced on an unnamed basis in the September 2018 quarterly report Q1 FY19).

Home Co acquired the Masters Home Improvement property portfolio late in 2016 and subsequently converted the properties into a portfolio of retail centres, offering an exciting new retail experience with convenient, value for money shopping, leisure and lifestyle services Australia wide.

Under the agreement, Home Co will have access to the company’s ‘IO Connect’ (data collection) and ‘IO Insight’ (data analytics) products under its SaaS (software-as-a-service) recurring revenue platform. The products will be used by Home Co as a business-critical reporting tool to assess asset and tenancy performance, with insights including but not limited to, people counting, shopper flows, dwell time and shopper profiling. In addition, the tools will also serve as an intelligence tool to help better understand customer behaviour, inform decision making regarding the customer experience and tenancy engagement.

John Rankin, Chief Operating Officer; of the company, commented “It is with great pleasure that we welcome Home Co as a client of the company. The combination of our people counting solution and free Wi-Fi service in the centre for shoppers will allow Home Co to measure the performance of their expanding portfolio of retail centres. Having worked closely with the team, the company is excited to be partnering with Home Co as they complete their rollout”.

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This contract follows a number of other successful agreements by the company within the Australian retail property sector, including ISPT, Scentre Group, the GPT Group, Mirvac, Aventus, Lewis Land Group and others. This contract reconfirms the company’s position as the leading provider in data analytics and marketing services to the Australian and New Zealand retail property sector.

Now, let us just have a glance upon the Skyfii Ltd’s stock performance and the return it has posted over the last few months. The stock is currently trading at a price of $0.16 (up by 3.226%) with a market capitalisation of ~$48.39 Million. The counter opened the day at $ 0.16 which was also the day’s high with a daily volume of 24,972. The stock has provided a year till date returns of -3.13% & also posted returns of -11.43% and -6.06% over the past six months and three months period, respectively. It had a 52-weeks high price of $ 0.230 and touched 52 weeks low of $ 0.125, with an average volume of circa 76,856.


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