Ann: Appendix 4E, Full Year Statutory Accounts and Annual Report, page-63

This is a rare small cap stock; i) massive industry, ii) fast-growing, iii) SaaS AND iv) cashflow positive with excellent operating leverage.

There was enormous accumulation happening today between 2.6 cents and 3.0 cents.

The volume today was outstanding. I will post a chart. This volume has churned through many holders today (some are already in big profits given that the share price was as low as 1c in March) and this will set the share price up for a big run next week once sell side supply dries out.

The soak/churn also relates to old stale holders from the early years of the company -- CXZ listed in FY2015 with the share price at 20c at the time. In hindsight, they listed too early at the time with minimal revenue and early shareholders suffered as a result. (https://www.copyright link/technology/asx-to-stop-companies-valued-at-less-than-20-million-from-going-public-20160512-got64i)

The chart below highlights this -- this is the financial profile of the business since FY15. Progress across FY15 to FY18 was slow. But, the company is now starting to massively accelerate the top line and bottom line and is well into cash-flow positive territory. Also worth noting that the target for FY20 revenue on this chat below was exceeded ($8m v $7m), this is a management team that has outperformed.

This is key: "It is expected that the margins in future years will increase as we productise and replicate the capabilities of the software across multiple OEMs with increasing revenues"

At 3c, the market cap of the company is $25M and the PE is 8. This is simply too low for a SaaS company with a blue chip customer growing revenue at over 100% YoY to $8.2M and growing profit (NPAT) to $3.2M, up more than 500% YoY...

This will fly next week.



T.E.P.