HTG TRADING UPDATE

HIGHLIGHTS:

• 34.5% higher Monthly Recurring Revenue (MRR) in September 2022 ($346K) compared to June
2022, exceeding the forecast minimum MRR target of $340K. Equivalent to Annual Recurring
Revenue (ARR) of $4.1m.
• Record quarterly revenue of $887K achieved in the September quarter, representing 66.7% growth
year-on-year and 53.8% higher than the June 2022 quarter.
• Continued momentum in demand for Infinity suite of products with high-volume sales pipeline
and new major customers.