Ann: Q4 FY 2020 - Operational Update, page-2

That all looks great - seems to me they are delivering extremely well - more contracts coming so this story can only get much better

Highlights

• Invoices for Q4 FY20 increased 28% from Q4 FY19 ($1.9M v. $1.49M)
• Invoices for FY20 total $6.626M, an increase of 60% on previous corresponding period
(FY19: $4.145M)
• K2F cash flow positive from operations for Q4 FY20 ($0.66M cash positive)
• A total of $1.719 million (before costs) received from the exercise of 8,596,096 listed
options (K2FOA), which had been partially underwritten
• Significant market penetration with RCubed solution despite presence of global
pandemic
• Five-year contract for RCubed recently signed with Orano SA
• Record quarter with an excess of $500k net new ARR revenues. Additional new
RCubed clients in Q4: Kinross Gold, South32, Sibelco and Orano
• New RCubed contracts have now exceeded Year 3 acquisition performance milestone
in only 13 months since acquisition
• K2F’s Software as a Service (SaaS):
o Annual Recurring Revenue (ARR) now approximately $2.36M*
o Total Contract Value (TCV) is $7.47M*
• On 30 June cash at bank was $2.9M with approximately $1.13M in receivables, no debt
• R&D tax refund of $88k granted from the ATO