SUMMARY:● October + November 2020 consolidated revenue of A$6.2...

SUMMARY:
● October + November 2020 consolidated revenue of A$6.2 million; combined EBITDA of -
A$724k, a 45% improvement over the prior corresponding period
● November 2020 recorded positive EBITDA of A$16k despite ongoing supply shortages
● Consolidated margins were strong at 36% over the period
● As at 30 November 2020, the Company had trade receivables of A$5.1 million,
inventories and work-in-progress of A$5.8 million, and cash on hand of A$7.3 million
● All of the Company’s worldwide holiday inventory sold into the channel for Black
Friday/Cyber Monday + holiday was sold through
○ 90% of the Company’s holiday inventory at Best Buy was sold over the Black
Friday / Cyber Monday weekend
● Following the completion of the PFG finance arrangements, the Company currently has
more product (by $ value) ordered/in manufacturing, than it had for all of 2020