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#Quarterly Cash Flow Report
Added 4 weeks ago



Operating cashflow surplus of $1.8m in Q4 FY20 (vs $44K in Q3 FY20 prior to one-off costs)

FY20 Annualised Recurring Revenue1guidance of $17.5m reconfirmed, representing growth of 108% on FY19 ($8.4m)

Cash receipts of $4.4m, representing growth of +143% on Q3 FY20 and +128%2 on Q4 FY19 ?Record $5.5m of Total Contract Value (TCV) won in FY20 (+12% from FY19 of $4.9m) with $1.4m of TCV won in Q4 FY20

Recent contract wins highlight significant tailwinds as PayGroup benefits from acceleration in outsourcing, adoption of HR technology and online workflow

Closing cash and cash equivalent balance $2.0m, up from $1.5m at end of Q3 FY20, and debt free ?Strong contributions from Astute, Global Partnership Program & Treasury Services. Expected to deliver further growth in FY21

$1.5m of cost synergies and savings identified, expected to enhance PayGroup’s growing cash balance, with benefits set to materialise with immediate effect from Q1 FY21

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