Ann: Investor Presentation - General Meeting, page-5

I was recently in contact with Tim Levy (Managing Director) and he confirmed he was in Leeds with the senior team ‘plotting the path to break even and $100 M ARR’ which he said they we’re aiming for some time in 2023. This is clearly the current focus for the company now and at an appropriate time with the uncertainty in global markets.

If you look at the current growth trajectories; with the existing pipeline ($16M @ May 31st), and with synergies coming into effect, improving margins, and cross selling; these goals seems very achievable in my opinion (also don’t forget the X factor of traction in parental control sales via schools ). To be at break even point anytime in 2023 would be a great and rapid turn around that validates the business model. With the global footprint Fzo it’s establishing I don’t doubt that an improved balance sheet will get investors very excited.