Hi everyone,We’re pleased to release Alcidion’s FY2019 unaudited...

Hi everyone,

We’re pleased to release Alcidion’s FY2019 unaudited full year results today, showing a strong period of growth and operational progress in our first year as a combined business. Alcidion’s unaudited revenue increased to $16.9M in FY2019, up 33% on FY2018 pro forma group revenue and over 300% up on its FY2018 reported revenue. The group made significant progress toward achieving positive earnings, with an EBITDA loss of $39K and a net loss after tax of $84K (FY2018 pro forma loss $1.6M). Additionally, FY2019 was our first year of positive cash flow, with an overall net inflow of $282K. In a year where the business incurred M&A costs and increased its investment in integrating the capabilities of the businesses, these results demonstrate that Alcidion was able to achieve growth, sign strategically significant customers, expand its presence in existing markets and move closer to break even.

A link to the cover note can be found here

A link to the unaudited full year results can be found here

We invite you to read further commentary on the results in both the two-page cover note, as well as more in-depth commentary on pages 2-5 of the Appendix 4E. The unaudited financial statements can be found from page 7 onwards.

Alcidion’s audited FY2019 annual report will be released on or prior to 30 September, in-line with ASX requirements.

Kind regards,
Alcidion Investor Relations