Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

No cap raise, increasing revenues, decreasing outflow. Good to go !!

Answer: The company doesn’t expect continued levels of net operating cash flows. The
company invested heavily in operating expenditure in Q4, particularly for Research
and Development and Advertising and Marketing. This saw an increase of c. $900k
on the prior quarter (Q3 FY22). This material amount would see the quarter
coverage at 2.3 quarters. This additional amount spent is investing for future
revenues and associated cashflows. The company expects to realise this increased
revenue and associated cashflow across Q1 and Q2 in FY23 and then ongoing.
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
ASX Listing Rules Appendix 4C (17/07/20) Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: The company believes that the combination of strong Accounts Receivable and
Revenues will ensure the company does not need to raise external funds in the
near term.
8.6.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: The Company is strongly of the view that it will continue its operations and meet all
obligations as and when they fall due. This will be internally funded by way of
continued strong cashflows, current Accounts Receivable being collected and
access to our FY22 R&D tax incentive.