Alcidion Group (ASX:ALC) reported cash receipts of AU$13.1 million with a positive operating cashflow of $AU2.5 million in the fiscal third quarter ended March, compared with a cash outflow of AU$1.4 million in the same period in the previous year, according to a Tuesday Australian bourse filing.

Its fiscal year contracted revenue, including sold and renewal, stands at AU$40.2 million at the end of fiscal Q3.

Alcidion generated fiscal Q3 new sales of AU$48.8 million, with around AU$11.5 million expected to be recognized as revenue in the fiscal year ending June.

It also updated its guidance for the fiscal year with revenue expected to be at least AU$40.2 million and earnings before interest, taxes, depreciation, and amortization expected to exceed AU$3 million.

Its shares jumped 11% in recent trading on Tuesday.