March 2022 Quarterly Activities Report

• Quarterly customer receipts of A$3.8m. However, a further $1.0m of receipts were subject to a logistics delay beyond our control and therefore revenue will be recognised in the next quarter. This would have resulted in a normalised quarterly revenue in line with the last two quarters. • Net operating cash outflow of A$1,023k, due to invoicing delay mentioned above as well as an inventory build a