Stakk (ASX: SKK) has announced that US subsidiary Stakk IQ Inc has secured a major contract with a new enterprise client that is expected to generate $7.85 million in revenue over a 12-month period.
The undisclosed client specialises in the provision of intelligent document capture services for regulated industries including healthcare.
Under the terms, Stakk will deliver a custom-configured, standalone deployment of its execution-layer digital infrastructure and embed it directly into the client’s platform environment.
The solution combines intelligent signal capture, document and identity authenticity validation and real-time decisioning across each interaction.
Through continuous analysis of image, biometric, device and behavioral signals, it can determine if an individual is presenting a legitimate credential within a trusted digital context before enabling the finalisation of a compliant transaction.
Largest Individual Contract
The new deal represents the largest individual client contract secured by Stakk and reflects growing enterprise adoption of the company’s artificial intelligence (AI)-native infrastructure in highly-regulated environments where identity certainty, fraud mitigation and auditability are critical.
The enterprise client will pay Stakk immediate cash receipts totalling $3.93 million (or 50% of the contract value) by month end, with the remaining 50% payable by end October.
Stakk operates within the execution path of digital interactions, governing whether transactions are permitted to proceed in compliant and auditable environments by combining federated signal intelligence, real-time interaction validation and deterministic decision-making.
The company expects the new deployment to drive continued expansion across US regulated sectors, building on its established position in the financial services industry and recent expansion into telecommunications.
Plans are underway to extend the offering to healthcare and other regulated industries, as demand for integrated, real-time trust infrastructure accelerates.
Financial Institution Clients
Today’s announcement follows the recent confirmation of nine new financial institutions adopting Stakk’s platform, representing an additional $1.67 million in annualised run-rate revenue.
Revenue will commence once the systems are live by end May, and contracts will be billed monthly in arrears with June reflecting aggregate monthly recurring revenue of approximately $140,000.
The achievement reflects sustained institutional demand across US and Australian regulated markets including traditional banks, neo-banks, regulated enterprise networks, and mobile-first platforms.
Stakk said the new client wins “defied the tech slowdown” and proved the company is “compounding through the technology downturn”.
