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8Common Ltd (ASX:8CO)

ALERT: Price-sensitive ASX Announcement for 8CO
Current share price for 8CO : $0.039 0.015 (62.50%)+
Announcement
Release
7 Jul 2026 1:04PM
Price at Release
$0.024
Full Release
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Summary
On 7 July 2026, 8common Limited announced that its wholly-owned subsidiary, Expense8, has signed a 3-year contract with the Australian Taxation Office (ATO) for its Expense8 SaaS, transaction, and related services. The contract, valued at $1.95 million including GST, is significant due to the ATO's over 20,000 users, marking a substantial deployment for Expense8 within the Commonwealth Government. This agreement expands 8common’s reach within the government, enhancing recurring SaaS revenue visibility and strengthening its base of over 190 state and federal government entities.
Key Points
  • Australian Taxation Office signs new 3-year Expense8 contract.
  • Total Contract Value of $1.95 million including GST.
  • Contract includes Expense8 SaaS, transaction, and related services.
  • ATO has over 20,000 users, a significant deployment for Expense8.
  • 8common's Commonwealth Government footprint is expanded.
  • Supports recurring SaaS revenue visibility for 8common.
  • Adds to 8common’s base of more than 190 government entities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.