Here are a couple of things to take note of:
IMO next quarter will see a reduction in outflow and and increase inrevenues from the platform.
One off expenditure of $330,00 for investment in IP
Reduction of CEO's salary circa $100,000
Repayment of Lease Liabilities $87,000
Increased revenues from platform???? What will these be.
IMO as stated in the quarterly we will have adequate funding for more than what has been stated.
Estimated quarters of funding available, as calculated in the Appendix 4C, of 2.9 quarters. The
Company believes this figure is understated, as operating cash flows for the current quarter
included higher user acquisition (marketing) costs for the B2C Subscription division in Q1 FY25.
With the latter division’s unique Ai offering already starting to penetrate target addressable
markets, revenue from B2C products is expected to grow over the remainder of FY25. Furthermore,
there were higher payments in Q1 FY25 related to annual (reporting and auditing) items from FY24,
which will not be repeated in the coming quarters.Revenue generated from these individual clients varies between US$250 - US$600 per month (excluding setup costs). These figures are subsequently expected to be upgraded over time, as the above-mentioned clients increase their usage, utilise more features, more Digital Humans, or bespoke solutions. Engagements are also on monthly subscriptions, in line with UNITH’s mission to make Digital Humans accessible to businesses of all sizes. Clients listed in this announcement are not a complete list due to commercial sensitivity for some businesses and any perceived impact on their workforce in the event of Digital Human deployment.Demonstrating the traction being generated by UNITH Digital Humans, new client engagements
include ClubLinks, CloneByMe, Talkmaster AI, Graphlogic, LinkIt and Time Under Tension
Q1 FY25 Financial Update* ● Cash on hand as of 30 September 2024 of $2.53 million. ● Net cash used in investing activities was ($0.33 million) for investment in intellectual property (DH Software Development). ● Net cash from financing activities was ($60,000), including options exercised of $27,000 and repayments of lease liabilities of $87,000. ● Estimated quarters of funding available, as calculated in the Appendix 4C, of 2.9 quarters. The Company believes this figure is understated, as operating cash flows for the current quarter included higher user acquisition (marketing) costs for the B2C Subscription division in Q1 FY25. With the latter division’s unique Ai offering already starting to penetrate target addressable markets, revenue from B2C products is expected to grow over the remainder of FY25. Furthermore, there were higher payments in Q1 FY25 related to annual (reporting and auditing) items from FY24, which will not be repeated in the coming quarters.
Cost savings of CEO Circa $100,000 per quarter
(20min delay)