Ann: 1H FY23 Results Presentation, page-2

CAT up 9.88%.
Post market half yearly results released.

• Record half-year with revenue of US$41.6M (A$59.6M)
• Annualised Contracted Value (‘ACV’) up 21% on a constant currency basis (‘CC’) to
• US$70M; 3rd consecutive half of growth above 20%

2021

• Half-year with revenue of US$37.464
• Annualised Contracted Value (‘ACV’) up 43% on a constant currency basis (‘CC’)

Churn improved but from 4.1% to 4%

Cash is sitting around $15.578m with a cash burn recorded at: Loss for the period from continuing operations Sep 30, 2022 ($22,628) vs Sep 30, 2021 ($10,840)

They have stated cost cutting over the past months, but can't see how they wont need to raise capital.

All in all, I can appreciate that the revenue mix is "better" but given cash flow positive expectation still out to 2024, I am not sure what would make investors happy to the tune of 10% other than a positive note on the pressures on margins will end and will increase in 2024.

Only good thing is that it is a "cheap" stock and by all reports, has a good product