Ann: Appendix 4E, Financial Statements and Annual Report, page-17

Hey @Ben1988,

CXZ provides a detailed quarterly report to the market every 3 months (4C), even though they are not obliged to (due to their profitable nature), I personally don't consider that "deafening silence". I'd rather the team continue to focus on the underlying business rather than spend time churning out fluffy announcements to the ASX as many other microcap management teams do.

To answer your question, my understanding is that the Hyundai TSD contract comes up for renewal this October... I'm not expecting them to win that contract (nor is the market judging by the current undervalued share price), but there is a chance we could get a surprise announcement then if the team manages to pull a rabbit out of the hat (not completely out of the question)...

The TSD product costs circa 3x Connexion's product on a per-vehicle basis per month. If Hyundai is looking for a leaner, more cost-effective and easier to use solution, CXZ would be a good fit for them. If Connexion were to win the contract, I think it would be fair to say that this would be a major strategic milestone for the company and the share price would react accordingly. It would also address the final checkbox many institutional investors are looking for: revenue diversification...

We can also expect another update on business operations at the AGM later this year.

Cheers,