Cipherpoint Limited (Cipherpoint or the Company) (ASX: CPT) is pleased to provide the following
quarterly activities report and business update and Appendix 4C.
Quarter Financial Highlights
Financial highlights for the quarter were:
- Operating cash costs for the March 2021 quarter were $737K (compared to $802K for the December 2020 quarter). Net operating cash outflows were $632K for the March 2021 quarter (compared to outflows of $802K for the December 2020 quarter).
- Following a successful placement and rights issue closing in the quarter, the Company raised $2.5M in new capital from existing and new investors.
- The Company held $3.96M in cash as of 31 March 2021.
- In January 2021, the Company announced it had entered into a binding term sheet to acquire Brace168, a Cyber Security Services ompany based in Sydney. This was subsequently settled on 1 April 2021.