Tinybeans Group Limited
Appendix 4D
Half-year report
1. Company details
Name of entity: | Tinybeans Group Limited |
ABN: | 46 168 481 614 |
only | For the half-year ended 31 December 2021 |
Reporting period: | |
Previous period: | For the half-year ended 31 December 2020 |
2. Results for announcement to the market | ||||
US$ | ||||
Revenues from ordinary activities | up | 48.7% | to | 6,448,305 |
Loss from ordinary activities after tax attributable to the owners of Tinybeans | ||||
Group Limited | up | 84.4% | to | (1,270,592) |
Loss for the half-year attributable to the owners of Tinybeans Group Limited | up | 84.4% | to | (1,270,592) |
Dividends | ||||
There were no dividends paid, recommended or declared during the current financial period. | ||||
use | ||||
Comments | ||||
The loss for the Group after providing for income tax amounted to US$1,270,592 (31 December 2020: US$688,948). |
The Group generated total sales revenue of US$6,448,305 up from US$4,337,673 in the previous half-year. The increase of 48.7% was driven by advertising revenue with a growing number of brand partners and larger average campaign sizes as a direct result of successful sales and marketing strategies.
Total expenses amounted to US$7,727,228, up from US$5,345,415. Specifically, employee benefits expense increased by US$1,076,723 in line with increased investments in resources and product growth initiatives. Also included in total expenses are substantial increases in non-cash expenses such as share-based payments, and non-recurring expenses relating to the Group's planned uplist to Nasdaq.
Refer to the Chairman's message and Chief Executive Officer's message within the attached Interim Report for further commentary.
3. Net tangible assets | ||||||
personalNet tangible assets per ordinary security | Reporting | Previous | ||||
period | period | |||||
Cents | Cents | |||||
9.84 | 6.55 | |||||
Calculated as: | ||||||
31 Dec 2021 | 31 Dec 2020 | |||||
US$ | US$ | |||||
Net assets | 11,502,401 | 8,782,549 | ||||
Less: Right-of-use asset | (31,583) | (154,609) | ||||
For | (5,792,160) | (5,833,364) | ||||
Less: Intangibles | ||||||
Add: Lease liabilities | 31,844 | 226,147 | ||||
Net tangible assets | 5,710,502 | 3,020,723 | ||||
Number | Number | |||||
Total number of shares issued | 58,058,950 | 46,108,500 | ||||
Tinybeans Group Limited
Appendix 4D
Half-year report
4. Control gained over entities
Not applicable.
only5. Loss of control over entities Not applicable.
6. Dividends
Current period
There were no dividends paid, recommended or declared during the current financial period.
usePrevious period
There were no dividends paid, recommended or declared during the previous financial period.
7. Dividend reinvestment plans Not applicable.
personal8. Details of associates and joint venture entities Not applicable.
9. Foreign entities
Details of origin of accounting standards used in compiling the report:
Not applicable.
10. Audit qualification or review
Details of audit/review dispute or qualification (if any):
The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.
11. Attachments
Details of attachments (if any):
ForThe Interim Report of Tinybeans Group Limited for the half-year ended 31 December 2021 is attached.
Tinybeans Group Limited
Appendix 4D
Half-year report
12. Signed
As authorised by the Board of Directors
Signed ___________________________ | Date: 25 February 2022 |
Edward Geller | |
onlyExecutive Director, Chief Executive Officer | |
New York | |
For personal use |
onlyTinybeans Group Limited
ABN 46 168 481 614
useInterim Report - 31 December 2021 personalFor
Tinybeans Group Limited Corporate directory
31 December 2021
Directors
onlyCompany secretaries
Registered office
Principal places of business
useShare register
Auditor
personalStock exchange listing Website
For
John Dougall
Edward Geller
Andrew Whitten
Andrea Cutright
Kathy Mayor
David Hwang
Rebecca Woodman
Level 5, 126 Phillip Street, Sydney NSW 2000, Australia
Telephone: +61 2 8072 1400; Fax: +61 2 8072 1440
Email: investors@tinybeans.com
Level 5, 126 Phillip Street, Sydney NSW 2000, Australia
25 W 36th St, 5th Floor New York, NY, 10018, United States of America
Automic Registry Services
Level 5, 126 Phillip Street, Sydney NSW 2000, Australia
Telephone: 1300 288 664 (within Australia) or +61 2 9698 5414 (outside Australia)
Email: hello@automic.com.au
Grant Thornton Audit Pty Ltd
Level 17, 383 Kent Street, Sydney NSW 2000, Australia
Tinybeans Group Limited shares are listed on the Australian Securities Exchange (ASX code: TNY) and the OTC Markets Group of America (OTCQB: TNYYF)
www.tinybeans.com
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