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ASX Announcement 27 October 2021 Bigtincan Holdings Ltd September 2021 Quarterly Report & Appendix 4C Total cash receipts increased 218 % from Q1 FY21 with organic cash receipts up 174 % over previous corresponding period and strong progress on Brainshark integration Bigtincan Holdings Limited ( ASX : BTH ) ( " Bigtincan " , the " Company " ) , a global software company providing a leading Al - powered sales enablement automation platform , has today released its Appendix 4C , and is pleased to present commentary to accompany the lodgement of this cash report for the quarter ending 30 September 2021 ( " Quarter " , " Reporting Period " ) . Q1 FY22 Cash Flow Highlights ● ● Bigtincan ™ Bigtincan Holdings Limited Level 6 , 338 Pitt Street Sydney NSW 2000 Total customer cash receipts of $ 14.4m , an increase of 218 % from Q1 FY21 , demonstrating strong cash receipts in a seasonally quieter quarter , including $ 2.0m from existing BrainShark , Inc. ( " Brainshark " ) customers acquired during the Quarter . Cash receipts excluding Brainshark were $ 12.4m for the Quarter , an increase of 174 % from the previous corresponding September 2020 quarter . Q1 FY22 Trading Highlights & Outlook ● Cash operating payments of $ 19.3m , an increase of 67 % from Q1 FY21 , and 31 % higher than Q4 FY21 , with $ 1.8m related to Brainshark operating cash payments . Brainshark cash flow recorded a net positive operating position of $ 0.2m . Total net operating cash flow of - $ 4.9m including initial integration and capital raising costs related to the Company's significant acquisition of Brainshark , investments into system infrastructure and the creation of the Data Products Group headed by Debra Cancro , continued to advance Bigtincan's leadership in data science . Bigtincan held $ 55.7m in cash and cash equivalents at the end of the Quarter ( post full and complete settlement of the Brainshark acquisition ) and is well funded to continue executing its growth strategy . ● Integration of Brainshark progressing ahead of the implementation plan , with unification of teams , product offerings , and market facing activities complete . New customer wins and customer expansions demonstrate the ongoing ability for Bigtincan to compete and win in the market including initial cross sell between Brainshark and Bigtincan , showing the benefits of scale and customer engagement with new offerings . Bigtincan is on track to meet or exceed ARR of $ 119m and Revenue of $ 109m in FY22 . Commenting on the quarterly results , Bigtincan CEO and Co - Founder , David Keane , said : " Bigtincan's team continued to execute our global vision of creating the Buying Experience of the Future for the world's leading businesses and welcome the added value of Brainshark . As we grow , we believe we can do more at scale to create that future , whilst delivering exciting product offerings that make a Page 1