Ann: Appendix 4C - Quarterly Report with commentary, page-2

31 July 2018 – Adelaide, South Australia
Buddy Platform Limited (ASX: BUD) (“Buddy” or the “Company”), the Internet of Things (“IoT”)
data management, processing and control platform, has today released its Quarterly
Appendix 4C filing for the June 2018 quarter (Q4 FY2018).
SUMMARY
• Total revenues were over A$1.9M for the quarter and nearly A$3.9M for the year,
reflecting increases of 232% and 230%, respectively, over the same period in the
prior year. These figures include:
o Quarterly customer revenue of A$761k reflecting an increase of 51% quarterover-
quarter
o Full-year customer revenue of A$2.1M, nearly doubling over FY2017
o Government rebates and incentives of A$1.1M for the quarter and A$1.6M
for the year.
• Total cash receipts were nearly A$1.5M for the quarter and over A$3.3M for the year,
reflecting increases of 163% and 196%, respectively over the same period in the prior
year. These figures include:
o Quarterly customer cash receipts declining quarter-over-quarter by A$195k
to A$282K due to the timing of customer’s payment cycles, budgeting
processes and their balance sheet management at financial year-end
o Accordingly, Buddy ended the quarter with A$534K in receivables and the
Company believes, and is satisfied, that these balances are recoverable and
will be collected.
• Gross operating cash outflows of A$4.2M are A$134k or 3% higher than prior-quarter
estimated cash outflows. Full-year gross operating cash outflows of A$13.7M were
A$504k or 4% better than estimated in our previous quarterly reports.
• Cash on hand at 30 June 2018 totalled A$22.4M.