Ann: Appendix 4C - quarterly, page-2

SUMMARY

• Recognised customer revenue for the quarter was A$428k vs A$407k for the prior quarter, reflecting an increase of 5% quarter-over-quarter. Compared to the same quarter last year, customer revenues are up 260%
• Cash receipts from customers for the quarter totalled A$418k vs A$407k in the prior quarter, an increase of 3% quarter-over-quarter. Compared to the same quarter last year, cash receipts are up 524%
• Operating cash outflows of A$3.21M - (up 25% on previous quarter of A$2.56M and 33% over prior year of A$2.41M)
• Signed contracts that management forecasts to have aggregated revenues of more than A$69.3M (up 33% on last quarter)

o Excluding amounts that have since converted to revenue
o Excluding any attribution to the Ingram Micro USA distribution agreement,
for which management is currently unable to offer a revenue forecast

• Significant progress expanding channel sales network with a total of 17 sales
  partners in place covering North America, Western Europe, the Caribbean, Latin
  America, and Australia
• Successful placement raised A$23M from new and existing top-tier institutional
  investors
• $5.4M received from full exercise in November of unlisted two-year BUD options
• Cash on hand at 31 December 2017 totalled A$28.4M.