Ann: Activities Report and Appendix 4C, page-2

that's looking a lot better, positive operating cashflow

Highlights:

● Beam delivers positive operating cash flow of $1.4M while its cash balance jumped 17% to $3.6M in the March quarter (3QFY23)
● Positive operating cash flow position expected to persist with Beam reiterating its FY23 guidance of record earnings and net profit
● Beam Equipment (ex ZOLEO) sales jump 200% vs PcP and SatPhone Shop sales up 21% PcP
● ZOLEO royalty payments 25% ahead of the prior quarter and running at $735K annualised as net ANZ subscriber numbers rebound to >5K (+97% over 3QFY22 and 14% over 2QFY23)
● Positive outlook with market for Beam’s solutions continuing to expand, as highlighted in Iridium’s (NASDAQ: IRDM) latest quarterly result announcement

All DYOR