Ann: Appendix 4C - quarterly, page-25

Bad result.
2018 / 2019 corresponding.

Sep18
1.13m
Sep 19
1.95m
Growth 76% over prior Yr

Dec 18
2.3m
Dec 19
2.13m
Neg growth 8% over prior yr - these results

Sep into Dec qtrs 2018/2019

Sep 18
1.13m
Dec 18
2.3m
Growth 103% Dec 18 over sep 18

Sep 19
1.99m
Dec 19
2.13m
Growth 7% Dec 19 over sep 19 - these results

Poor results showing stagnant revenue, just 7% up over sep 19 qtr, and 8% down over Dec 18 qtr. They have gone backwards. .

Operating costs also have risen against this flat revenue
Sep 18, 144k
Dec 18, 1.2m
Mar 19, 249k
Jun 19, 1.1m
Sep 19, 687k
Dec 19, 1.5m

Revenue Dec 19 down 200k, op costs up 300k
Cash flow neg 282k, versus Dec 2018, 281k

I think the market was looking for 20% growth over last Dec quarter minimum , not negative growth with negligible growth over there sep 19 qtr.

Next qtr est outflows are 2.1m. 2m in Bank.
They need to boost revenue or cut costs here.
Dec qtr is there highest qtr, so Mar 20 with high cash outflow is concerning.

The price has been belted in response, very high selling today 15m highest since 8/10/19. On that day 19.6m and up 0.2, versus down 0.6.

The chart reflects 1.8c if 1.9 not held and 1.6 if 1.8 not held.

Dissapointed like most folk here. Just stumped why revenue growth has stalled so badly after all these good quarters.

Theres a few new systems generating revenue, so there core revenue has actually fallen wirse without these additions.