RocketBoots (ASX:ROC) said its trial with a multinational retailer for its loss prevention software achieved the customer's objectives generating a positive return on investment, according to a Thursday Australian bourse filing.
The company said it also met the customer's strict data security requirements with respect to the General Data Protection Regulation, a critical condition required as a part of securing a contract.
Whilst the trial value at the start of the trial was considered immaterial, it is now material due to ongoing extensions and variations with the customer having paid fees equal to approximately 8% of the company's 2024 revenue, the filing added.
The company's shares were up 7% on market close.
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