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ALCIDION 26 October 2021 Australian Securities Exchange 20 Bridge Street , Sydney NSW 2000 Q1 FY22 Quarterly Activities Report Melbourne , Australia - Alcidion Group Limited ( ' Alcidion ' or the ' Company ' ) today releases its Appendix 4C for the quarter ended 30 September 2021 ( Q1 FY22 ) and a business update detailing its operational highlights . Highlights : • New contracted revenue sold in Q1 of $ 2.7M - with $ 2.4M of that to be recognised in FY22 • Total contracted revenue to be recognised in FY22 stands at $ 17.2m at the end of Q1 - up 17 % on prior year Q1 . With a further $ 2.2M of scheduled renewal revenue expected to be converted to contracted revenue over the course of the year • Cash receipts of $ 6.6M , an increase of 2.3 % on the prior corresponding period ( pcp ) • Strong cash balance of $ 21.5M as at 30 September 2021 • Since the end of the quarter a further $ 3.1M of revenue has been sold , this includes significant contracts with Queen's Hospital Burton ( ExtraMed ) and Sydney Local Health District ( Miya Precision , virtual care ) and a 3 - year extension for support and maintenance with Royal Derby Hospital ( ExtraMed ) Alcidion's Managing Director Kate Quirke said , " Alcidion has continued to build on the momentum of FY21 , adding $ 2.7M of new contracted revenue , including renewals , during what is historically the slowest quarter of the year , resulting in contracted revenue at the end of Q1 of $ 17.2M " . " Our pipeline continues to develop with several sizable opportunities now entering the contract negotiation stage which has provided a heightened optimism about the broader opportunity for Alcidion , particularly in the UK market . We are increasingly seeing the potential to cross and up sell our products to existing customers . " " We do however remain cognisant that COVID - 19 continues to pose a challenge for healthcare providers worldwide resulting in longer lead times for contract completion . " " Subsequent to the end of the quarter , we won a new contract in the UK for the ExtraMed patient flow platform at Queen's Hospital Burton , which is the first new ExtraMed contract we have won following the acquisition in April 2021 and a cross - sell validation as Burton is a current user of Patientrack . " " Following a competitive tender process , we won a new contract with Sydney Local Health District , an important reference site for Alcidion , for the use of Miya Precision in supporting virtual care monitoring along with the roll - out of Alcidion patient care app Miya Care . This is the first deployment of Miya Care , and we are excited by the potential this addition of patient entered information brings to the quality of data available to clinicians . " Alcidion Group Limited | Level 10 9 Yarra Street SOUTH YARRA VIC 3141 | +61 3 8060 6177 | www.alcidion.com