Ann: AMS FY20 Financial Results, page-2

SUMMARY OF AMS FY20 FINANCIAL RESULTS

FY20 HIGHLIGHTS (12 months ending 30 June 2020)
• Revenue of $44.4m, down 17% on pcp (previous corresponding period)
• EBITDA loss of $7.1m; (1H profit $1.0m, H2 loss of $8.1m)
• Substantial cost reductions made in 2H’20
• Strong cash position of $18.8m at 30 June and access to $5m undrawn working capital facility

FY21 OUTLOOK
• Ninja V demand remains strong in early FY21 following recent Sony Alpha™, Z CAM and
Panasonic announcements, expanding recording ecosystem with 21 cameras able to record
Apple ProRes RAW to an Atomos device
• July and August revenue up 50%+ and 60%+, respectively, on 2H’20 run rate of ~$2m
• Product roadmap on schedule with several new releases targeted for early 2Q’FY21, along
with RAW over HDMI integrations with leading global camera makers
• Expect to return to pre-COVID-19 revenue levels by start of CY21, with a more cost-effective
operating base
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Good to see AMS has positive outlook for FY21 with respect to increasing revenues !
All IMHO, DYOR