Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-115

Agreed. Q3 & Q4 needs to be the money making quarters. Thankfully, we know seasonally its their best quarters, so let's see how we go.

Thoughts on this breakdown?

Current Situation:

• H1 Revenue: $24.1 million
• Order Book for H2: $28 million
• Current FY Revenue: $54.1 million

Target:

• Target FY Revenue: $100 million
• YoY Growth: 81% (from $55 million last year)

Steps to Achieve Target:

• Pipeline: $1.1 billion (assume $300 million pipeline for this year)
• If Droneshield can convert $30 million into sales from the pipeline
• Run-rate: Assume $5 million in additional sales

Gap to Target:
100 mil - 54mil - 30mil - 5mil = $11mil (left to reach target)

Bluebird Contract:

• Ideally, a significant contract (bluebird) could come through, surpassing the target

Summary:
To achieve the result of $100 million in revenue this fiscal year, which is an 81% YoY growth:

• We need to close the $46 million gap.
• With a conversion of 300mil pipeline and expected run-rate, we can realistically bring this gap down to $11 million.
• A bluebird contract could further boost revenue and ensure the target is met or exceeded.