Ann: H1 FY21 Financial Results Commentary, page-9

H1FY21 as expected based on the two previous 4Cs. Covid affected


But looking into the commentary I find a lot to like:

Here are the ARR values I've been tracking:
FY18 - $400,000
FY19 - $770,000
FY20 - $1,220,000
FY21 - $2,600,000 (with a current run rate of $3,000,000 based on January values)

January Revenue - $406 - highest ever January revenue figure.

February contracts >$555k - contracts are collected over the contract life but three lots of $555k would total $1,665,000 (higher than ANY previous quarterly result).

Along with the recently announced largest ever single contract of $353k over 12 months to SLS, I think its obvious that the revenues have not only recovered from Covid but are now starting to surpass highest ever values.

The growth plan is being well executed by the stronger sales staff team, and the focus on larger and longer contracts (eg SLS) will pay off long term.

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