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30 August 2021 ASX ANNOUNCEMENT imeXHS.com IMEXHS reports 1H FY21 Financial Result Highlights • Sales revenue of $ 5.2m , up 15 % ( 25 % on constant currency basis ) Annualised Recurring Revenue ( ARR ) ¹ of $ 12.7m , up 44 % ( 57 % on a constant currency basis ) , including $ 2.0m from Aquila in the Cloud EBITDA loss of $ 2.1m vs loss of $ 1.3m due to increased investment in sales and marketing Strong financial position with closing cash balance of $ 8.3m at 30 June 2021 Announced acquisition of radiology service provider RIMAB SAS for ~ $ 8.5m less purchase price adjustments with an EGM at the end of September 2021 All figures compare 1H FY21 to 1H FY20 unless otherwise indicated / unaudited financial information IMEXHS Limited ( ASX : IME ) ( “ IMEXHS " or " the Company " ) today released its financial results for the six months ended 30 June 2021. IMEXHS is an innovative provider of cloud - based , Al medical imaging software across 15 countries . IMEXHS Co - Founder and CEO Dr German Arango said : " We are pleased with the growth in our annual recurring revenue as well as our expansion into key markets such as Australia and the US . Aquila in the Cloud ( AIC ) , our standardised radiology solution launched in May 2020 , is showing great momentum with 84 deals signed to date , including six in the US and four in Australia , and an ARR contribution of $ 2.0 million . Our focus is now on implementing these deals in order to recognise the associated revenue and cash flow . " To expand into new markets , particularly the US , we have increased our investment in sales and marketing . We now have three salespeople in Florida , including our most recent hire who is focusing on north Florida . The imaging market in Florida is about three times as large as the market in Colombia and we have seen encouraging growth from that one state since we opened our office in Miami . " Aquila Custom , our customised medical imaging offering aimed at the high end of the market , is also showing strong demand although decision - making among larger operators has been slower - than - normal as a result of the pandemic . We have won a number of small Aquila Custom contracts during the half 1 Annual Recurring Revenue ( ARR ) is the value of monthly recurring contract revenue multiplied by twelve . FDA CLEARED ( K191681 ) ANVISA Agência Nacional de Vigilância Sanitária CE @ ANAB ACCREDITED Intertek Headquarters Australia Sydney 122 O'Riordan Street MASCOT NSW 2020 Email : enquiries@imexhs.com.au Headquarters Latam Bogotá , Colombia . Calle 92 # 11-51 , Of 202 +57 ( 1 ) 316 48.90 Email : soporte@imexhs.com Headquarters USA Doral , Florida . 8200 NW 41st , Suite No. 200-42 . CP 33166 admin.usa@imexhs.com 1