Get a look at the Decipher costs...

31st March 2021

• Cash 1.52m
• Receivables 1.58m

June 30th 20221

• Cash 6.90m
• Receivables 2.13m

(March) 3.1 - (June) 9.03 = -5.93 + Capital Raising 7.25m raised (@0.29) - transactions cost approx 400k = 0.92k

Cash burn approx 900k for Q4 (may include additional Decipher acquistion costs)

.....Recent on market buying ...

1. 23-25th June CEO B Miller (salary of 250K + Super) bought 73,900 shares @ 0.309 average.
2. MUFG/CBA/First Sentier bought 7,300,000 in the capital raising @0.29 and have since added 1,502,455 @ 0.325 average.
3. Regal bought 7,021,654 in the capital raising @ 0.29 and have since added 1,743,432 @ 0.319 average.

Disc: I hold

Dec 31st

• cash 2.56m
• receivables 0.92m

March 31st

• cash 1.52m
• receivables 1.58m

Burn of 400k Q3 FY21

#Decipher costs to be added Q4 FY21

#Looking for larger contract growth to close the gap >.>

Disc. I Hold

Increased Expenses in staff costs - "investing for the future" - Brian Miller

460 (FY21 Q1) to 1077 (FY21 Q2) - see pic

Annual staff expense increase of ~ 2m

Sateva acquried 28/10/20 - expense increase may not include full staff expense for the quarter ?

Recent acquisition of Decipher (~10 employees) will further increase the cost base .... need more sales.... 

4/2/21 Rio Tinto Heritage Management Contract with K2fly increases annual revenue by ~200k 

25/1/21 Alcoa Signs 5-year SaaS Resource Inventory contract with K2F increase annual revenue by ~100k

.... need more sales......

Disc: I hold

Brian Miller via Kalkine Media

Key Points.

• Investing for the future via the acqusition of Decipher
• Anthony Walker (Decipher CEO) and 7-9 of his Colleagues joining K2F
• Fourth acquisition in the last 3 years (Infroscope, Rcubed, Sateva and now Decipher) and always on the lookout for more.
• Relying on now incentivised SAP to sell K2F software (Not RCubed - this is not SAP endorsed )
• RCubed pipeline deals delayed in FY21 Q2 due to COVID in North and South America.

Disc: I own

Targeting 25million ARR in 3 - 5 years

Listen to the questions at the end of the presentation.

Share Cafe Presentation 23/11/20 - Nic Pollock

ARR is currently 2.5m.

FY20 revenue 5.6m, FY21 expectant revenue of 8m.

Building the SAP partnership to take K2F solutions global. Targeting the various industries: mining, oil and gas, mill products, forestry, agriculture and utilities.

Disclaimer: I hold shares =D