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BirdDog Expertise : BDT – Enterprise Replace & June 2022 Appendix 4C

BirdDog Expertise : BDT – Enterprise Replace & June 2022 Appendix 4C







ASX MEDIA RELEASE

29 July 2022

JUNE 2022 QUARTERLY ACTIVITES REPORT &

APPENDIX 4C

KEY HIGHLIGHTS

  • Constructive This fall working money flows generated of A$0.2m, excluding A$2.5m in stock deposits ($0.7m for H2 FY22)
  • Sturdy money steadiness of A$23.1 million as at 30 June 2022
  • Effectively-positionedfor FY23 with A$18.8 million as at 30 June 2022 in present stock and money deposits offering future manufacturing safety
  • Growth of core engineering and gross sales personnel throughout key areas
  • A number of new merchandise slated for launch in FY23 (together with six cameras, three AVs, two screens), additional enhancing the BirdDog product suite and underpinning quick and medium-term progress
  • Elevated engagement with key channel companions in core markets coupled with expanded funding in world gross sales & advertising and marketing technique
  • Investor webinar to be held at 11.00am AEST Friday, 29 July 2022. Register right here

BirdDog Expertise Restricted (ASX: BDT) (“BirdDog“, “BDT” or the “Firm“), the worldwide video know-how firm enhancing high quality, velocity, and adaptability of video by way of a spread of options, offers an replace on the Firm’s operations for the fourth quarter of FY22, ending 30 June 2022 (“Quarter” or “This fall”).

Commenting on the outcomes, BirdDog Co-Founder and CEO Dan Miall mentioned:

“The workforce has labored extremely laborious to construct a platform able to delivering important income and EBITDA progress into FY23 and past, underpinned by merchandise, individuals and partnerships. Notably, through the June quarter and constructing upon our hiring of core engineering and gross sales personnel, we now have considerably expanded our experience, laying the foundations for future progress.

We have now additional strengthened our market place over the past two quarters with each merchandise and go to market – having activated new distributors and additional engaged with present companions globally. We stay assured, persevering with to embrace future progress alternatives through our focussed technique.”

POSITIVE CASH FLOW ACHIEVED AMIDST TRANSFORMATIONAL 12 MONTHS

BirdDog delivered FY22 unaudited revenues of A$38.2 million, according to FY21, with 2% income progress recorded in USD phrases.

Encouragingly, BirdDog generated optimistic money flows from working actions of A$0.2 million in This fall FY22 ($0.7 million for H2 FY22) after excluding stock deposits. This represents a major turnaround in opposition to H1 FY22, which noticed money outflows of $0.8 million.

BirdDog Expertise Restricted

C/o JM Company Companies

1

ACN 653 360 448

Stage 21, 459 Collins Avenue, Melbourne, VIC 3000

BirdDog stays nicely funded to proceed to drive income and earnings progress, with $18.8 million in present stock and money deposits and $23.1 million in money on steadiness sheet on the finish of the quarter.

EXPANDED TEAM CAPABLE OF ACHIEVING SIGNIFICANT FUTURE SALES GROWTH

Individuals stay a key basis of BirdDog’s ongoing technique, with >90% of the workforce chargeable for delivering outcomes throughout engineering, gross sales, model and buyer success. In the course of the quarter, the Firm continued to place itself to ship anticipated market share beneficial properties, through ongoing hiring and coaching of key engineering and gross sales personnel, offering BirdDog the arrogance of attaining robust gross sales deliverability into FY23 and past.

BirdDog’s technique to inhouse Analysis & Improvement experience gained tempo within the June quarter and ongoing strategic enlargement of this may permit BirdDog to realize a better return on funding by way of the simplification and rightsizing of its IP know-how stack and product roadmap. It will allow the Firm to be much more competitively positioned because it continues to scale globally.

EXPANDING PRODUCT SUITE AND PRUDENT INVENTORY MANAGEMENT

Throughout FY22 BirdDog launched a brand new collection of Robotic pan-tilt-zoom cameras, primarily aimed toward progress inside Schooling and entry-level Stay Manufacturing markets, in addition to AV particular converters and screens plus key workflow Software program instruments.

The Firm continues to handle its provide chain as manufacturing and logistics pressures proceed to ease globally, following considerably difficult situations felt sector extensive all through FY22.

BirdDog’s launch of a number of new merchandise has been underpinned by cautious funding in stock, as gross sales traction accelerates the Firm is nicely positioned to ship in amount to market.

INCREASED ENGAGEMENT WITH KEY CHANNEL PARTNERS IN CORE MARKETS

A strategic precedence of administration throughout H2 FY22 was to increase BirdDog’s market presence all through america, United Kingdom, Europe and South-East Asia.

Below the route of BirdDog’s CROO Jamie Ambrose the corporate has continued to optimise and streamline its gross sales channels to finest help ongoing income progress in core and new markets. The outcomes of this course of will materialise by way of FY23 and past.

EXPANDED INVESTMENT IN GLOBAL SALES & MARKETING STRATEGY

Throughout This fall, members of BirdDog’s government management and gross sales groups have participated in a number of worldwide commerce exhibits, web site visits and buyer conferences, regularly consolidating and rising model recognition and distributor relationships.

BirdDog Expertise Restricted

C/o JM Company Companies

2

ACN 653 360 448

Stage 21, 459 Collins Avenue, Melbourne, VIC 3000

Important business commerce exhibits, together with NAB (Las Vegas, April 2022) and ISE (Barcelona, Could 2022) represented a fabric proportion of BirdDog’s Gross sales & Advertising and marketing spend in FY22, with these commerce exhibits representing important alternatives to showcase current and new product.

The Firm elevated its Gross sales & Advertising and marketing spend through the quarter to A$0.7 million (+192% on Q3 FY22) implementing reseller initiatives, model and product consciousness initiatives, which proceed to drive additional channel pull-through, enhancing sustainable gross sales into FY23 and past.

CASH FLOW

BirdDog generated money receipts from prospects through the quarter of $8.2 million totalling $34.6 million for FY22.

Internet money outflows from working actions for This fall FY22 totalled $2.4 million with nearly all of outflows regarding stock deposits of $2.5 million. Excluding these stock deposits, the Firm generated optimistic working cashflows for the quarter amounting to $0.1 million. The significance of Stock Deposits to BirdDog’s enterprise is the safety of the provision chain which underpins the ahead look stock construct.

Included within the money outflows for the quarter was $5.3 million for product manufacturing and working prices, in step with the prior quarter, and $1.4 million for employees prices representing a 23% improve on the prior quarter reflecting the enlargement of the workforce.

The Firm had money obtainable on the finish of the quarter of A$23.1m.

QUARTERLY WEBINAR

The Firm will maintain a webinar with CEO Dan Miall and CFO Barry Calnon at present, Friday, 29 July 2022 at 11:00 am AEST, to debate the June 2022 quarterly outcomes launched to the ASX this morning.

Traders can register for the webinar through the next hyperlink:

https://us02web.zoom.us/webinar/register/WN_E2ZAMCYtTZWXbFfaJ3nQFQ

Traders can submit questions previous to the webinar to [email protected]or accomplish that through the Q&A.

FY22 RESULTS

BirdDog expects to announce its audited full-year outcomes by 30 August 2022 and can advise particulars of an investor webinar name previous to this date. A full enterprise replace and presentation can even be supplied at the moment.

BirdDog Expertise Restricted

C/o JM Company Companies

3

ACN 653 360 448

Stage 21, 459 Collins Avenue, Melbourne, VIC 3000

ADDITIONAL INFORMATION

The desk beneath illustrates the expenditure comparability in opposition to the Firm’s ‘Use of Proceeds’ desk within the Prospectus dated 18 November 2021:

Use of Proceeds

12 months 1 per Prospectus

Precise quantity spent to this point,

since itemizing

Stock Construct

$11,150,000

$4,615,000

IP Administration

$100,000

$74,000

Analysis & Improvement

$1,750,000

$789,000

Manufacturing Improvement

$750,000

$392,000

Regulatory Administration

$250,000

$146,000

Advertising and marketing Actions

$750,000

$603,000

Working Capital

$3,100,000

$2,032,000

Bills of the Provide

$1,920,000

$1,928,000

Complete

$19,770,000

$10,579,000

In accordance with Itemizing Rule 4.7C, funds made to associated events and their associates included in merchandise 6.1 of the Appendix 4C was A$140,000 that comprised Director charges, wage and superannuation for the CEO/Managing Director, Unbiased Chair and Non-executive administrators (NEDs).

– Ends –

Authorised for launch by the BirdDog Expertise Board

BirdDog Expertise Restricted

C/o JM Company Companies

4

ACN 653 360 448

Stage 21, 459 Collins Avenue, Melbourne, VIC 3000

For additional data please contact:

Barry Calnon

Sam Wells

Chief Monetary Officer

Investor/Media Relations

+61 433 026 494

+61 427 630 152

[email protected]

[email protected]

ABOUT BIRDDOG

BirdDog is a world video know-how firm that enhances the standard, velocity and adaptability of video by way of a spread of options, augmented with NDI® (Community System Interface).

This allows video-compatible merchandise to speak, ship and obtain high-definition video over a pc community in a broadcast-quality,low-latency method, that’s body correct and appropriate for switching in a dwell manufacturing atmosphere.

BirdDog develops and manufactures a spread of linked options, together with:

  • Pan-tilt-zoom(PTZ) Cameras
  • Field Cameras
  • Converters
  • AV Merchandise
  • Controllers & Equipment
  • Displays
  • NDI® Embedded Good Show Modules
  • Cloud Software program Platforms

Finish customers of BirdDog’s merchandise cowl a variety of market segments, together with Skilled Video, Broadcast, Audio Visible and enormous personal and public sector organisations.

For extra data on BirdDog, please go to www.birddog.television

WELCOME TO THE WORLD OF NDI®. WE’VE BEEN EXPECTING YOU.

BirdDog Expertise Restricted

C/o JM Company Companies

5

ACN 653 360 448

Stage 21, 459 Collins Avenue, Melbourne, VIC 3000

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Disclaimer

BirdDog Expertise Ltd. printed this content material on 28 July 2022 and is solely chargeable for the data contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 23:13:04 UTC.

Publicnow 2022

All information about BIRDDOG TECHNOLOGY LIMITED

Gross sales 2021 38,5 M

Internet earnings 2021 1,35 M

Internet Debt 2021 4,83 

P/E ratio 2021
Yield 2021
Capitalization 40,9 M
28,6 M
Capi. / Gross sales 2020
EV / Gross sales 2021
Nbr of Staff 31
Free-Float 28,2%

Chart BIRDDOG TECHNOLOGY LIMITED



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BirdDog Expertise : BDT – Enterprise Replace & June 2022 Appendix 4C



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