Ann: Appendix 4D & Half Yearly Report, page-70

Hi All,

Full disclosure I don't hold, I'm just finalising my research and deciding whether or not to start accumulating this (I'm leaning yes).

A lot of positives reading through the financials and quarterly's, obviously really impressed by the increase in revenue, margin & the positive qtrly operating cashflow. Seems to be on a good growth trajectory, with a MC of $18m seems undervalued if it continue to deliver.

I've got a couple of questions if any people that have been invested for a while can answer:

1. Of the $4.1m in revenue for 1HFY21 how much of that is a one of and how much is recurring in nature?
2. What makes the product more appealing to a customer, rather than using a larger more established player? I think there is lots of market share (which will continue to grow) available to get, what I want to understand how much this can grow and why? Is it the fact that is all built for purpose rather than a one size fits all approach? Is it the fact that it prefabricated and modular? I don't know enough about the technology clearly.

Thanks in advance to anyone who takes the time to answer.