Scout Security Ltd: Quarterly Update and Appendix 4C

Scout Security Ltd (ASX: SCT) shares its Appendix 4C—Quarterly Cash Flow Report for the period ending 30 September 2024, along with impressive updates on its business progress. In this quarter, it achieved cash receipts of AU$264,000, primarily driven by its substantial monthly recurring revenue. The annualized recurring revenue from these streams now totals an impressive AU$1.12 million. After the quarter closed, it received its first revenue from the Intelligent Monitoring Group, marking a successful collaboration. It has completed a significant recapitalization of AU$4.4 million, which includes strategically converting debt into equity. The commitment to advancing its industry consolidation strategy has led it to sign a Letter of Intent for the synergistic acquisition of Roo Inc. It is optimistic that this combined entity will emerge with positive EBITDA, enhancing its financial strength.

Scout actively explores opportunities with existing and potential partners while diligently progressing through its sales pipeline to fuel revenue growth. As of 30 September 2024, the Company holds AU$212,000 in cash at the bank, positioning it for future success.

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