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    CPT   AU0000073827

CIPHERPOINT LIMITED

(CPT)
Delayed Australian Stock Exchange  -  10:16 2022-09-26 pm EDT
0.004000 AUD   -.--%
08/05CIPHERPOINT LIMITED : RIGHTS ISSUE: 2 new shares @ 0.005 AUD for 3 existing shares
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07/28Cipherpoint : Appendix 4C and Activities Report
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07/28Australian Shares Rise for Third Straight Day as US Fed Hints at Slower Rate Hikes
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Cipherpoint : Appendix 4E and Preliminary Financial Report

06/10/2022 | 03:12am EDT

Cipherpoint Limited

Appendix 4E

Preliminary final report

1. Company details

Name of entity:

Cipherpoint Limited

ABN:

61 120 658 497

only

For the year ended 31 March 2022

Reporting period:

Previous period:

For the year ended 31 March 2021

2. Results for announcement to the market

$

Revenues from continuing operations

up

100.0%

to

4,238,261

use

Loss from ordinary activities after tax attributable to the owners of

Cipherpoint Limited

up

178.1%

to

(8,194,477)

Net loss for the year attributable to the owners of Cipherpoint Limited

up

178.1%

to

(8,194,477)

2022

2021

Cents

Cents

Basic earnings per share

(2.70)

(2.82)

personalNet tangible assets per ordinary security

0.17

1.94

Diluted earnings per share

(2.70)

(2.82)

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the Group after providing for income tax amounted to $8,194,477 (31 March 2021: $2,946,327).

Refer to Market announcement, which precedes the Appendix 4E, for further commentary on the results for the year ended 31 March 2022.

3. Net tangible assets

Reporting

Previous

period

period

Cents

Cents

Net tangible assets per ordinary security has been calculated by excluding the net right-of-use assets and leases liabilities

For

of ($5,968).

4. Control gained over entities

Brace168 Pty Ltd was 100% acquired by Cipherpoint limited as at 1 April 2021. Brace168 contributes approximately $0.9m of the loss from continuing operations for the 12 months.

Virtual Information Technology Pty Ltd was 100% acquired by Cipherpoint limited as at 1 November 2021. Virtual Information Technology contributes approximately $0.12m of the loss from continuing operations for the 5 months of ownership in the reporting period.

Cipherpoint Limited

Appendix 4E

Preliminary final report

5. Loss of control over entities

No entities were sold during the reporting period. As previously disclosed to the market, Cipherpoint sold a collection of software assets to archTIS.

only6. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

use7. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements are in the process of being audited and an unqualified opinion is expected to be issued. The auditor's report will contain a paragraph addressing material uncertainty related to going concern.

personal

8. Attachments

Details of attachments (if any):

The Preliminary Financial Report of Cipherpoint Limited for the year ended 31 March 2022 is attached.

9. Signed

Signed ___________________________

Date: 10 June 2022

Ted Pretty

Chairman

Sydney

For

onlyCipherpoint Limited

ABN 61 120 658 497

usePreliminary Financial Report - 31 March 2022 personalFor

Cipherpoint Limited

Contents

31 March 2022

Consolidated statement of profit or loss and other comprehensive income Consolidated statement of financial position

Consolidated statement of changes in equity Consolidated statement of cash flows

onlyNotes to the consolidated financial statements

For usepersonal

2

4

5

6

7

1

Cipherpoint Limited

Consolidated statement of profit or loss and other comprehensive income For the year ended 31 March 2022

onlyRevenue from continuing operations

Revenue - technology related products and services

Other income - including COVID-19 stimulus grants

Fair value gain on financial liability

Expenses

Software and hardware for resale Employee benefit expense Consultancy fees expense

useDepreciation and amortisation expense Impairment of goodwill

Impairment of receivables

Legal and professional fees expense Marketing and promotion expense Travel and accommodation expense Office and administration expense Other expenses

Total expenses personalResults from operating activities

Finance income calculated using the effective interest method

Finance costs

Loss before income tax expense from continuing operations

Income tax expense

Loss after income tax expense from continuing operations Profit/(loss) after income tax expense from discontinued operations

Loss after income tax expense for the year attributable to the owners of Cipherpoint Limited

Other comprehensive income

Items that may be reclassified subsequently to profit or loss

Foreign currency translation

ForOther comprehensive income for the year, net of tax

Total comprehensive income for the year attributable to the owners of Cipherpoint Limited

Total comprehensive income for the year is attributable to:

Continuing operations

Discontinued operations

Consolidated

Note

2022

2021

$

$

2

4,238,261

-

2

100,000

49,911

40,633

-

4,378,894

49,911

(663,716)

-

3

(5,405,486)

(1,354,203)

(4,382)

(98,000)

3

(150,646)

(11,288)

3

(5,816,823)

-

(30,000)

(32,039)

(974,042)

(270,774)

(167,626)

(240,180)

(98,345)

(11,764)

(411,181)

(138,977)

(569,414)

(243,193)

(14,291,661)

(2,400,418)

(9,912,767)

(2,350,507)

1,948

594

3

(29,473)

(7,268)

(9,940,292)

(2,357,181)

(10,496)

-

(9,950,788)

(2,357,181)

1,756,311

(589,146)

(8,194,477)

(2,946,327)

169,322 (18,640)

169,322 (18,640)

(8,025,155) (2,964,967)

(9,781,466) (2,375,821)

1,756,311 (589,146)

(8,025,155) (2,964,967)

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with

the accompanying notes

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cipherpoint Limited published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 07:11:07 UTC.


© Publicnow 2022
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Financials
Sales 2022 4,00 M 2,58 M 2,58 M
Net income 2022 -9,00 M -5,80 M -5,80 M
Net cash 2022 1,62 M 1,04 M 1,04 M
P/E ratio 2022 -0,80x
Yield 2022 -
Capitalization 3,43 M 2,21 M 2,21 M
EV / Sales 2021 13,1x
EV / Sales 2022 1,92x
Nbr of Employees -
Free-Float 82,0%
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Managers and Directors
Edward Noel Pretty Executive Chairman, Chief Executive Officer & MD
Tom Carolan Chief Financial Officer & Joint Secretary
Graham Brian Mirabito Lead Independent Non-Executive Director
Steven Bliim Non-Executive Director
Patrick Gowans Joint Secretary
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