Yojee Completes Mosaic Everest Founding Partner Group, Reaches 12 Total Customer Agreements; Shares Down 4%

MT Newswires Live11:48

Yojee (ASX:YOJ) completed its Mosaic Everest Founding Partner group, with all four positions now signed following Mosaic's commercial launch, bringing total customer agreements on the freight forwarding and customs platform to 12, according to a Thursday Australian bourse filing.

The company said the 12 agreements comprise four Everest Founding Partners on 36-month founder terms, three Ignition Partners on two-year founder terms, three standard customers, and two early-adopter agreements, with revenue under all agreements usage-based and recognized progressively as onboarding is completed.

The company said revenue under the contracts is not considered material at this stage given the usage-based structure and early stage of onboarding.

The company's shares fell 4% in recent Thursday trade.

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