Ann: Q4 FY24 Business Growth Update, page-2

Highlights:

• Revenue (unaudited and preliminary) up 18.3% YoY to $23.2M
• Contracted ARR +26.1% year-on-year (YoY) to $28.4M (excluding Legacy)
• FY24 invoicing +15.2% YoY to $26.1M
• Neutral to positive cash flow expected in FY24
• Strong progress and positive outlook for strategic partnership with Devo Technology,
adding approximately $1.6M of new contracted ARR to the end of FY24. All new Devo
customers are now being provided with Snare, and successful migration of all of Devo’s
existing customers to Snare would result in a potential increase in contracted ARR of
$5M
• Cash of $11.8M at 30 June 2024 (up from $10.9M at 31 December, cash flow neutral
during FY24 and positive in H2 FY24) with zero debt


PRO is coming together very nicely - clear growth to break even and cash flow positive in current pipeline for FY24 and before any other substantial new client contract wins or unexpected growth in current clients - I maintain my view we are very undervalued (IMHO and DYOR)

Good luck to all holders