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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Firstwave Cloud Technology Ltd. published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 23:11:07 UTC.