Tambla Appendix 4C – 1st Quarter 2020

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29 April 2020

Tambla Achieves Fifth Consecutive Positive Operating Cashflow Quarter

Tambla maintained its track record of delivering stable and predictable recurring revenue streams from its long-term customer contracts which again resulted in another operating cash flow positive quarter.

  • $304,000 operating cashflow surplus recorded for first quarter 2020
  • Result achieved after capitalisation of $539,000 in development costs
  • Significant growth in new business pipeline from Tambla-PAYCE and Public Sector opportunities
  • Release of Tambla PayCE’s new Comparison Service
  • Cash balance at quarter end of $887,000 after completion of $1.53 million convertible note issue with $1.0 million to be received this quarter
  • Solid cash balance recurring revenue streams and low burn give Tambla the financial flexibility to weather the COVID-19 pandemic

The full 4c Announcement can be viewed here

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