Ellume, page-171

Before we look forward, lets look back to last F/Y

ADO is able to extract about 4% receipts from Ellume RAT's sales, here's the calcs (below) assuming that Ellume is the only current paying customer of ADO, and that Ellume's sales are only related to ADO's binder in their product.

Let's see how many multiples ADO is able to extract in the 2022 F/Y?

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	Column 1	Column 2
0	Name of entity
1	AnteoTech Ltd
2	ABN	Quarter ended (“current quarter”
3	75 070 028 625	30 June 2021

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Consolidated statement of cash flows	Current quarter $A’000	Year to date (12 months) $A’000
1	1.	Cash flows from operating activities	214	889
2	1.1	Receipts from customers
3	1.2	Payments for
4

Ellume Sales in USD
Annual Sales 2021
$16.98 million USD = $A 21955140
Actual
1 USD = 1.2913 AUD


ADO Receipts from Customers 2021 F/Y $889,000

Ellume Annual Sales 2021 F/Y $21,955,140

Assuming Ellume only selling RAT test kits and ADO customer receipts only come from Ellume.

ADO proportion of Ellume Sales Revenue $21,955,140 / $889,000 = 4.049%