Ann: Half Yearly Report and Accounts, page-2

EBITDA - 2.2 MILLION that is a $4 million turnaround
Tech Gross Margin WITHOUT too much MOD - 72% ....................72% That is unbelievable
Operating Expenses down nearly $1 mill whilst revenue grew 23%

Other impressives
* Q3 FY2020 total revenue is forecast to be A$11m or more, including A$9m or more from the underlying business, and ONLY A$2m or more in licensing income from the Indian MoD project.

*These agreements increase the total addressable client spend for Ava Global in this sector to A$115m, with the business tracking towards gaining 30% of this market.

*AVA’s BQT Solutions subsidiary has finalized negotiations for an expansion of it’s existing locking supply arrangements into Europe, with the signing of a new Master Distributor Agreement with a major global locking conglomerate.

* 5 YEAR LOCK DEAL NEWS  The conglomerate continues to strongly affirm that the YG-80 lock is the one and only locking solution being considered for this project.

*Significant interest in Aura IQ continues to grow, with the pipeline of qualified opportunities now totalling more than A$44m (US$29m), spread across 16 countries and 5 industries (Coal, Bauxite, Iron Ore, Precious Metals, and Coal-fired Power Stations).