Ann: Appendix 4D and FY2018 Half Year Report, page-3


Record half yearly revenue of $4.2
million vs. $1.8 million for the prior half
year completed at June 2017, an
increase of 234%.

Record quarterly reve
nue of $2.8 million for De
cember 2017 quarter.

Highest ever monthly revenue of $1.3 million recorded in October 2017.

Continued expansion of sales footprint in international
markets, expanding from 12 at end of June 2017 to 37 by
year end.

Gross margin improvement from 21% for FY17 to 34% for
H1 FY18 highlighting the operating leverage that exists.

Significant reduction in operating loss (excluding non-ca
sh items) particularly when excluding c. $800k of non-
recurring costs.

Record cash receipts of $2.2 million for December
2017 quarter, a 237% increase over the prior quarter.

Strong working capital position with $1.7 million of
inventory on hand, strongest inventory position yet.