Annual General Meeting
onlyFirstWave Cloud Technology
use9 December 2021 ersonal
Company Representatives
onlyuse | John Grant |
Non-Executive Chairman | |
ersonal | Paul MacRae |
Non-Executive Director |
Iain Bartram
Chief Financial Officer and Company Secretary
David Hwang
Non-Executive Director
Chairman's Comments
onlyExecutive Chairman John Grant useersonal
FY21 Reflection - advancing
• | International Annualised Recurring Revenue (IARR) up 440% to $3,008K from $448K |
only | |
• | Domestic revenues through Telstra continuing their slow decline over the year under the |
pressure of continuing churn | |
• | Level 1 Partners up from 5 to 9 and Billing Partners up from 28 to 52 |
use | |
• | 'Democratising cybersecurity-as-a-service' for the world's SMBs |
• Additions to the product portfolio | |
• | Transitioning of the Company's OEM reseller arrangements with Cisco Systems |
ersonal | |
• Product Roadmap to Investors and Partners | |
• Placement in April of $6m and June 30 cash balance of $9.96 million | |
• | Reduction in operating expense of circa $2 million |
• | Appointment of Kevin Bloch as Advisor on Technology and Markets |
4
Events subsequent to EOFY
only | ||
Q1 Update | ||
• Changes to leadership of the Company | ||
• | Pause billing for Telum and CSquared in Africa under contracts to resell WebProtectDNS | |
• | Contracts remain on foot and outlook is positive | |
usePlatform enhancement | ||
• | Significant enhancement of CCSP to remove the 'friction' for Service Providers and End | |
ersonal | Users | |
• CyberCision launched in November | ||
• | First phase for Service Providers | |
• Second phase for end users at end of Q3 | 5 | |
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