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For personal use only 2 . Dropsuite Revenue up 80 % vs PCP . Cashflow positive quarter 20 October 2021 : Global cloud backup and archiving software provider Dropsuite Limited ( ASX : DSE ) ( " Dropsuite " or the " Company " ) is pleased to provide an overview of the Q3 results and Appendix 4C for the period ending 30 September 2021 . Highlights > Delivered first quarter of sustainable positive operational cashflow > Annual Recurring Revenue ( ARR¹ ) of $ 13.1m , a 14 % increase on the prior quarter and an 81 % increase on previous corresponding period ( pcp ) on a constant currency basis Users increased to 575k up 11 % quarter on quarter and 52 % on pcp > Monthly ARPU of A $ 1.90 up 3 % quarter on quarter on a constant currency basis ( up 7 % on actual basis ) > > Successful placement of $ 20 million to new and existing institutional and sophisticated investors DSE ended the quarter with $ 21.4m cash following institutional placement and is well funded to progress product development initiatives and target complementary and accretive acquisitions Annual Recurring Revenue ( $ M ) ¹ 96 % ARR Growth in 18 months 7.3 6.7 8.5 9.6 11.0 13.1 2QFY20 3QFY20 4QFY20 1QFY21 2QFY21 3QFY21 CEO Charif El Ansari stated : " I am pleased that Dropsuite has delivered its first quarter of sustainable positive cashflow reflecting the hard work of our team and the strength of our product offerings . The strong revenue growth and positive cashflow positions the company to deliver positive EBITDA for our fiscal year ending in December 2021. The positive cashflow results were underpinned by continued strong topline growth and a disciplined approach to managing operating expenditures . " Over the past quarters , we have demonstrated our ability to deliver against our objectives and are now positioned to set and achieve new milestones to drive continued innovation and growth . With the inclusion of the $ 20 million capital raise , the company is well resourced to drive internal organic growth 1. Annualised Recurring Revenue ( ARR ) is defined as the value of the contracted recurring revenue in the month multiplied by 12 months Cash receipts can be normalised to capture the delayed receipt of customer payments that occur just after quarter end .