Envirosuite Limited announced revenue results for the year 2018. For the year, total Annualised Recurring Revenue (ARR) now over $5 million.

The company provided revenue guidance for the fiscal year 2019. The company announced that it is tracking towards meeting its stated ARR growth target from $3 million to $6 million in fiscal year 2019. The increase in ARR in recent months is in accordance with my commentary in the last sales update, which referred to several anticipated wins having been delayed.

As previously noted, it's projection based on the targeted ARR growth remains that the Company is set to achieve profitability by the end of the 2020 financial year.