Reserving judgement until I see the money flow in.
Primary performance target
a. The revenue contributed by Isity in the financial year ended 30 June 2020 shall be equal to or
exceed $100 million; and
b. That earnings before interest, taxation, depreciation and amortisation (“EBITDA”) in the
financial year ended 20 June 2020 shall be equal to or exceed $30 million;
Secondary performance target
a. From an agreed base of $8 million for revenue in 2017, the revenue received from Isity must
increase at a minimum of 25% each financial year commencing the financial year ended 30 June
2018; and
b. That based on EBITDA being 30% of the revenue and from an agreed base of $2.4 million for
EBITDA in 2017, the EBITDA received from Isity must increase at a minimum of 25% each
financial year commencing the financial year ended 30 June 2018.
Ann: ASX Grants Confirmation in Respect of Listing Rule 6.1, page-3
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