Ann: Quarterly Activity Report and Appendix 4C, page-3

Another good report for me.

• Nothing unexpected as we continue to invest for future growth (which has now been confirmed with Aussie Super & REST coming onboard).
• This Qtr's revenue $3.080M
• Last Qtr's revenue $2.644M
• We have chewed through $1.4M in cash since the raise in September last year.
• I note in the report there is multiple mentions of pipeline opportunities so I suspect that there is more potential announcements to come in the next few months reading between the lines.
• All the smaller funds on MUFG's platform will be coming over to Wrkr.
• HostPlus and CBUS are the last of the larger funds on MUFG's platform to decide if they will join Wrkr.
• SMSF Hub organic growth chugging along @ 17%.
• I expect the head count to keep rising in the short term. You can't win all this work and other potential business in the pipeline and not increase your headcount to deliver.
• The API first strategy is worth mentioning. Wrkr have put the investment in before seeing clear results from the likes of ERP Providers, HRIS Providers, Payroll Providers; think Workday SAP / Oracle / MYOB / ZERO / Sage.
• Seems an appropriate business gamble to me.

This company has it all laid out before them.
Ian