International Expansion Strategy Underpins Record First-Half...

International Expansion Strategy Underpins Record First-Half Growth

• Contracted annual recurring revenue grew by a record $919,000 to $2,874,000, an increase of 82% on 1H20 and 47% on 2H20.

• Contracted subscribers increased by a record 14,639 to a total of 29,170 as at 31 December 2020, an increase of 147% on 1H20 and 101% on 2H20.

• Invoiced revenue growth of 81% over 1H20 and 38% over 2H20, with annualised invoiced revenue as at 31 December of $2,595,855.

• Three successful enterprise contract wins delivered a 288% increase in 1H21 new subscribers per account, with a 58% YOY increase in ARR per account.

• Total new contracted customers in 1H21 increased 60% YOY to 43 new customers added.

• Net Cash used in 1H Operations reduced by 20% YOY, supporting a strong forward cash position of $6.859m as at 31 December 2020.