Ann: Appendix 4C - Quarterly Report with commentary, page-3

● Customer revenues: A$1.135M, up 124% from the prior year.

● Customer cash receipts: A$1.379M for the quarter, up 189% from the prior year

● The Company completed its acquisition of LIFX at the end of Q3FY19 o If LIFX had been included for the entire quarter, pro forma customer revenues would have been A$8.75M and pro forma customer cash receipts would have been A$11.92M o LIFX “gross revenues” (total sales recognized prior to any deductions) applicable to the earn-out were US$7.79M for the quarter (A$10.89M).

● Subsequent to quarter-end, and in anticipation of the execution of full form documents on a A$20M trade financing facility, the Company was provided with short term working capital funding of US$2.8M (A$3.9M)

● Buddy will reduce pre-LIFX business cash outflows to A$1.2M per quarter from end of April 2019 onwards ● The Company continues to target 70-100% revenue growth in CY2019 from the prior year, as well as net profitability in CY2019

● Inventory on hand at 31 March 2019 was valued at A$12.4M and outstanding accounts receivables were A$5.13M

● Cash on hand at 31 March 2019 totalled A$5.6M which does not include any of the financing announced on 6 February 2019.