RightCrowd : Appendix 4D and H1 FY22 Financial Report

For personal use only

For personal use only

Appendix 4D Half-year report

1. Company details
Name of entity:	RightCrowd Limited and its controlled entities
ABN:	20 108 411 427
Reporting period:	For the half-year ended 31 December 2021
Previous period:	For the half-year ended 31 December 2020

2. Results for announcement to the market

	31 December 2021 ($)	Change on Prior Period
Revenue	7,747,056	Increased by 11%
Net loss for the half year	(3,412,911)	Increased by 18%

Refer to the Review of Operations and Business Outlook included within the Directors' Report for further commentary on the half-year's results, financial position, and likely developments in future years.

3. Net tangible assets

	31 December 2021	30 June 2021
Net tangible assets per ordinary security	0.04	0.05
(cents)

The net tangible asset per ordinary security is calculated based on 259,587,482 ordinary shares on issue at 31 December 2021 and 259,452,925 shares that were on issue at 30 June 2021.

4. Entities over which control has been gained or lost during the period

There was no gain or loss of control of any entities during the period.

5. Dividends

No dividends have been paid or declared in the current reporting period or since the end of the reporting period.

2

For personal use only

6. Audit qualification or review

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

7. Signed

Signed ___________________________

Date: 24 February 2022

Peter Hill

CEO

3

For personal use only

RightCrowd Limited 31 December 2021 Interim Financial Report

CONTENTS

Directors Report	5
Auditor's Independence Declaration	10
Condensed consolidated statement of profit or loss and other comprehensive income	11
Condensed consolidated statement of financial position	12
Condensed consolidated statement of changes in equity	13
Condensed consolidated statement of cash flows	15
Notes to the condensed consolidated financial statements	16
Directors' Declaration	26
Independent Auditor's review report	27

RightCrowd Limited is a Company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is at Suite 501, Level 5, 203 Robina Town Centre Drive, Robina, Queensland. Its shares are listed on the Australian Stock Exchange.

Releases, financial reports and other information are available on our website: www.rightcrowd.com

4

For personal use only

Directors Report

The directors of RightCrowd Limited (the "Company") present their report together with the consolidated financial statements for the six months ended 31 December 2021 and the review report thereon.

Directors

The Directors of the Company at any time during or since the end of the interim period are:

Name	Period of Directorship
Robert Baker	Since 2017
Craig Davies	Since 2019
Peter Hill	Since 2004

Principal Activities

RightCrowd is a global provider of safety, security and compliance solutions that manage the access and presence of people. RightCrowd are specialists in technology solutions for the world's most complex safety, security and compliance challenges.

Review of Operations

FY22 is the first year whereby the Company reports its results based on its restructured product divisions. They are:

• Workforce Management - develops and delivers RightCrowd's Workforce and Visitor Management solutions.
• Presence Control - develops and delivers RightCrowd's Presence Control and Contact Tracing solutions.
• Access Analytics - develops and delivers analytics software for identifying user access compliance issues.

These business units are supported by the engineering, customer operations, and corporate services business units of RightCrowd.

The half-year has delivered solid results as the Company continued to grow its sales revenue and annual recurring revenue (ARR)1 during the first half of FY22. This growth was driven by the

1 ARR is measured as the total annualised value of active customer contracts for annual subscription, support, and maintenance services as at 31st of December 2021.

5