ASX MARKET RELEASE
Buddy Technologies Limited – June Quarterly 4C Review (Q4FY21)
30 July 2021 – Adelaide, South Australia
Buddy Technologies Limited (Company) (ASX:BUD), a leading provider of solutions for
making spaces smarter, has today released its Quarterly Appendix 4C filing for the June 2021
quarter (Q4FY21).
SUMMARY
● Revenues of A$6.7 million including government rebates and subsidies of A$158k.
○ Customer revenues were up 32% over the prior quarter and up 21% over the
prior year (Q4FY20)
● Cash receipts of A$9.1 million, including A$158k of government rebates and
subsidies
○ Customer cash receipts were up 117% from the prior quarter and up 29%
from the prior year
● Adjusted EBITDA: negative A$1.9 million for the quarter (compared to negative A$2.3
million for prior quarter and negative A$688k for the year-ago quarter)
● Current assets of A$21 million
○ Cash on hand at 30 June 2021 totalled A$2.1 million (excluding any cash from
the July 2021 fundraise)
○ Trade and other receivables totalled A$5.0 million
○ Inventories (and prepayments) totalled A$13.9 million
● Other major milestones
○ Q4 FY21 was net cashflow positive
○ In July 2021, the Company completed a placement of shares to sophisticated
and institutional investors to raise A$6.5 million (before costs) and has
launched an entitlement offer to existing shareholders to raise up to A$10.0
million
○ A debt refinancing has been agreed whereby (amongst other matters) a debt
forgiveness of US$3.02 million has been agreed, such that the Company will
pay US$2.75 million to its primary manufacturer, Eastfield, in full and final
settlement of a line of credit facility and historical accounts payable (from
prior to the LIFX acquisition, with such amounts totalling ~US$5.77 million).
Further, PFG (Buddy's secured lender) has also agreed to restructure its
Legal/76224193_5
existing term debt facility and, if required, fund part of the payment to
Eastfield (refer to ASX announcements dated 16 July 2021 for further details)
- Forums
- ASX - By Stock
- BUD
- Ann: BUD June Quarterly 4C Review
Ann: BUD June Quarterly 4C Review, page-2
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)