FY18 Highlights • BidEnergy total operating revenue grew to...

FY18 Highlights
• BidEnergy total operating revenue grew to $4.1M in FY18 (FY17: $2.6M), representing a 55% increase on prior year. This was comprised of:
- BidEnergy subscription fee revenue of $1.9M (FY17: $1.3M) – a 52% increase on prior year; and
- RealWinWin US rebate capture revenue of $2.1M (FY17: $1.3M) – a 62% increase, due in part to the fact that FY18 results represent a full year of revenue whereas FY17 represents approximately 7 months of revenue from the date of acquisition in November 2016.
• 2-year revenue compound annual growth rate (CAGR) of 120%;
• BidEnergy Underlying EBITDA improved to a loss of $3.9M (FY17: $6.4M loss);
• 53 BidEnergy enterprise platform customers at 30 June 2018 across four countries;
• Meters under management increased to 21,518 at 30 June 2018 from 10,065 at 31 December 2017, including the onboarding of several large enterprise and international customers demonstrating the strength of the platform and the companies robotic process automation IP;
• Cash on hand at 30 June 2018 was $5.3M, driven by strong fiscal management in the second half of FY18; and
• Company is well-resourced to capitalise on domestic and international growth opportunities.