Ann: June 2024 Quarterly Activities Report and Appendix 4C, page-2

Wow, seeing some positives here... Asset heavy and light model shows benefits of the software, platform, and ability to 'scale up and down'. Now that supply of vehicles has increased vs demand, Carly now solving problems for dealers and OEMs. Ability to control supply (asset heavy), and opportunistically add vehicles into the mix (asset light), a powerful combination that seems to have tailwinds with current cost of living pressures. Only $450k of operating cash outflow for the quarter, and receipts growing nicely.

Still a ways to go before we get to breakeven, and then prove model with strong profitability, but there are glimmers of hope and we're in a very different place than we were a year ago. Well done management and team.

538 vehicles starting to be a nice workhorse. There's an inflection point / critical mass somewhere on the horizon if we can get there, and opportunity to get genuine scale.