CF1 quarterly April 2023.pdf

Complii FinTech Solutions Ltd (ASX: CF1) (Complii, Group or the Company) – a leading end-to-end SaaS (Software as a Service)

based technology solution for Australian Financial Services License (AFSL) company’s (Stockbrokers and Financial Planners) and

their licensed user centric workflows for compliance, capital raising and operational needs, as well as a global Trading Platform

for securities of unlisted companies & funds and Registry Services for listed and unlisted companies & funds.

Hi team, I would appreciate people's views on this one. Seem like a reasonably strong balance sheet and not likely to need to raise capital any time soon (unless for acquisition purposes). Not quite cash flow positive but close. Their Registry Direct acquisition to help companies raise capital in a cost efficient way seems very interesting in the current environment.

@Strawman would appreciate if we could get a deep dive from maybe Craig Mason or Alison Sarich to help further understand the business and how well they can scale this thing.

Reasonable podcast here https://smallcaps.com.au/podcast/ with Craig Mason, scroll down to Nov 21 last year

Team, here is the latest quarterly for Complii. Seems another impressive set of numbers. Cash at bank has almost doubled, customer receipts seem to be improving strongly, some from their acquisition as @JPPicard pointed out previously (newest acquisition only has a month included). I also agree it is a tricky business to really understand well and perhaps @Strawman could aim to have them on for a meeting to help us understand.

The capital raising deal flow sounds an interesting platform as does the expansion of unicorn offerings from their US partner. Further information required!

Nessy

CF1 Oct quarterly activities report.pdf

A few notes from a mate. The Nth American comment is interesting.

 revenue $2,557,000 in Q4 FY22, a 336% increase from the previous period (pcp) (Q4 FY21: $759,000)

 Annual Group revenue receipts from customers of $9,057,000 for FY22, a 403% increase from the pcp (FY21: $2,246,000). Very close to my predicted $10m. Looks like $18m for FY23

 Cash at Bank $5,744,000, an increase of 48% from the pcp (Q4 FY21: $3,998,000)

 Complii subsidiary PrimaryMarkets signed a non-USA Partnership Agreement with Forge Securities Inc (a subsidiary of NYSE listed Forge Global) which will enable Australian sophisticated investors to invest in a large variety of US Unicorn companies

 $3.24B of new funds raised across 667 unique offerings by numerous AFSL client firms using the proprietary Complii Capital Raising System (Adviser Bid)

 Signed 8 new companies as new clients bringing the current total to 121 firms representing over 3,600 current registered users of the Complii platform and 24 % of AFSLs

 Sourced our first North American based stockbroking firm as a SaaS client. Watch this space! Deal logic is $60,000 a year! Complii a fraction of that. 

 Development roll-out underway for integration of Complii’s Corporate Highway project to permit the sharing of services across AFSL client firms with new capital raisings 

Corporate Highway estimated to bring in $10m FY23

Potential revenue FY23 $28m

Market cap $33m 

10 times revenue would be $280m 

Looks to be undervalued by 8 times.

Hi from my covid isolation!

CF1 quarterly April 7.pdf

A good read. Further positive cashflow, great cash in the bank, no debt. Has run well since original post. Some interesting broker valuations around. Will try and attach shortly.

Disc: Held Buy

CF1 Update Jan 10 2022.pdf

Nice update from CF1. Cash flow positive.