Ann: 1ST Launches COVID-19 Clinics Directory for Australians, page-75

The SP will recover as macro economic factors improve and shareholders see some sustained, consistent growth in ARR. Here's a very simple table with growth rates of 10%, 12%, 15% and 20% a quarter going forward. The ARR multiple applied will drastically change the SP outcome. I don't believe multiples post CV-19 will return quickly to what we saw in mid-late 2019 so have applied these conservatively starting at 3x for 10% quarterly growth. If costs remain stable we won't see positive cash flow this year under less than 15% quarterly growth. Won't be surprised if we average around 12% and I think that'd be a good result.

	Quart Growth Rate	Q2FY20 (Jan)	Q3FY20 (April)	Q4FY20 (July)	Q1FY21 (Oct)	Q2FY21 (Jan)	CAGR	ARR multiple	MC	SP
1	1.1	4.94	5.43	5.98	6.58	7.23	46%	3	22	0.05
2	1.12	4.94	5.53	6.20	6.94	7.77	57%	4	31	0.07
3	1.15	4.94	5.68	6.53	7.51	8.64	75%	5	43	0.10
4	1.2	4.94	5.93	7.11	8.54	10.24	107%	6	61	0.14