Ann: H1 FY24 Business Growth Update, page-2

Highlights:

• Revenue up 29% (on pcp) to $11.64M (unaudited) in H1 FY24 – a record H1 for the
company (H1 FY23 - $9.02M)
• Result reflects sales growth driven by diverse new customer wins across both emite and
Snare, with significant momentum in the Middle East
• 21% annualised recurring revenue (ARR) growth (on pcp) to $24.9 million as at 31
December
• Invoicing up 21% (on pcp) to $10.95M in H1 FY24 to continue efficient conversion of
revenue into cash receipts
• 75% increase (on pcp) in Snare subscriptions to $5.4M, as Snare continues to transition
its revenue model towards primarily recurring subscription sales
• 25% increase (on pcp) of emite ARR to $16.9M
• Robust potential sales pipelines for 2024: emite $10.0M and Snare $15.3M (unweighted)
• Market tailwinds positive for continued expansion in Cloud Data Management, CX
Analytics and Cyber Security
• Closing cash balance of $9.9M (unaudited) as at 31 Dec 2023 to be breakeven yoy, with
cash to $10.9M at 29th January 24


All looks pretty positive to my reading - thoughts welcomed from other holders