Quarterly Report
Quarterly Report
Melbourne, July 31, 2020 AEST (ABN Newswire) - iSignthis Ltd (ASX:ISX) (FRA:TA8) is pleased to announce its 5th consecutive positive quarterly operating cash flow contained in the Appendix 4C and our quarterly business activity report.

Financial Analysis 2Q20

- 2Q20 is the Company's 5th quarter of positive operating cash flows, with a +$1.6m quarterly result.

- Cash balance at end of quarter was $16.1m in consolidated Group Cash, with a $1.3m reduction in the quarter mainly due to the $1.5m investment in NSX Limited during the period.

- 2Q20 receipts from customers were down circa 20% from 1Q20 to $8.4m due to impacts from the ASX suspension and COVID-19 in the quarter.

- Client funds held decreased during the quarter to circa $82million, due to a slight reduction in customer confidence as a result of the ASX suspension.

- The Company made a further $1.5m investment in NSX Limited during the quarter, per our announcement dated 28 May 2020. In the quarter the Company is expecting to take a $1.6m impairment (non-cash) in its investment in NSX, in line with the lower share price for NSX.

- Costs related to the ASX legal proceedings in the quarter were circa $600k, taking the first half legal and advisory costs for this matter to circa $1,030k.

- Payments for directors fees and salaries for the quarter were $293k.

- For the first half 2020, excluding the impairment for NSX and costs related to the ASX legal proceedings, unaudited operating net profit after tax would have been circa $3.3m (NPAT).

- For the first half 2020, unaudited operating net profit after tax is circa $660k (NPAT).

Business Activities 2Q20

- 2Q20 unaudited revenue was for the Group was circa $7.7m. The percentage of revenue derived from industry segments during the quarter is detailed below:

- Options/CFDs/FX - 13%

- Crypto/digital currency - 2%

- Online gambling - 4%

- Online video gaming - 46%

- Credit providers - 9%

- Travel services - 0%

- Other - 26%

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/N72N86H2


About iSignthis Ltd

iSignthis LtdAustralian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity(TM) and ISXPay(R) solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.

iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.

ISXPay(R) is a principal member of Visa Inc, Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, Trustly, WeChat, AliPay and others.

UAB Baltic Banking Service, a wholly owned subsidiary of iSignthis Ltd, provides API based access to SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Central Bank of Lithuania's CENTROLink service.

Probanx Information Systems Ltd (Probanx(R)), a wholly owned subsidiary of iSignthis Ltd, is an international banking software company which has been serving the banking industry since the year 2000 by developing comprehensive banking software solutions to financial institutions around the globe. Probanx offers web-based banking solutions using the latest technology and international standard business rules. Our customers are located on five continents and supported from our technical centres in Europe and Australia.

iSignthis' Probanx delivers core banking software, including a fully comprehensive and versatile banking solution for retail, corporate and private banks, emoney and payment institutions, offering capabilities that up until now were affordable only by large commercial banks.

Read more about the company at our website www.isignthis.com and www.probanx.com

For investor information, please contact: investors@isignthis.com

     


Contact

Investor Relations
Chris Northwood
Investor Relations Director
iSignthis Limited
chris.northwood@isignthis.com
+61 (0) 458 809 177

Media Enquiries
Mark Hawthorne
Director
Civic Financial Communications
mark.hawthorne@civicfinancial.com.au
+61 (0) 418 999 894

Investor Relations Europe
Dr Eva Reuter
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt
e.reuter@dr-reuter.eu
+49 (0) 69 1532 5857



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