IXUP Limited
Appendix 4D
Half-year report
1. Company details | ||||||
Name of entity: | IXUP Limited | |||||
ABN: | 85 612 182 368 | |||||
Reporting period: | For the half-year ended 31 December 2021 | |||||
Previous period: | For the half-year ended 31 December 2020 | |||||
2. Results for announcement to the market | ||||||
only | $ | |||||
up | 2,183.7% | to | 408,256 | |||
Revenues from ordinary activities | ||||||
Loss from ordinary activities after tax attributable to the shareholders of | ||||||
IXUP Limited | up | 301.0% | to | (6,676,045) | ||
Lo for the half-year attributable to the shareholders of IXUP Limited | up | 301.0% | to | (6,676,045) | ||
Dividends | ||||||
There were no dividends paid, recommended or declared during the current financial period. | ||||||
use |
Comments
The oss for the consolidated entity after providing for income tax amounted to $6,676,045 (31 December 2020: $1,664,845).
3. Net tangible assets | ||||||
Reporting | Previous | |||||
period | period | |||||
Cents | Cents | |||||
Net tangible assets per ordinary security | 0.81 | 1.27 | ||||
4. Control gained over entities | ||||||
Name of entities (or group of entities) | DataPOWA Limited | |||||
Date control gained | DataPOWA Limited - 3 August 2021 | |||||
personal | $ | |||||
Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax | ||||||
du ing the period (where material) | (968,041) | |||||
Pr fit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) for the | ||||||
For | - | |||||
whole of the previous period (where material) |
5. Loss of control over entities Not applicable.
6. Dividends
Current period
There were no dividends paid, recommended or declared during the current financial period.
IXUP Limited
Appendix 4D
Half-year report
Previous period
There were no dividends paid, recommended or declared during the previous financial period.
only | ||
7. | Dividend reinvestment plans | |
Not applicable. | ||
8. | Details of associates and joint venture entities | |
N | t applicable. | |
use | ||
9. | Foreign entities | |
Details of origin of accounting standards used in compiling the report: |
All foreign entities are presented in compliance with International Financial Reporting Standards (IFRS).
10. Audit qualification or review
personalDetails of audit/review dispute or qualification (if any): For
The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim report.
11. Attachments
Details of attachments (if any):
The Interim report of IXUP Limited for the half-year ended 31 December 2021 is attached.
12. Signed
Signed ___________________________ | Date: 17 February 2022 |
onlyIXUP Limited
ABN 85 612 182 368
useInterim report - 31 December 2021 personalFor
IXUP Limited Corporate directory 31 December 2021
Directors
onlyCompany secretary Registered office
Principal place of business
useShare register
Auditor
personalSolicitors Ba kers
St ck exchange listing
Website
Place of Incorporation
For
Dean Joscelyne (Non-Executive Director)
Freya Smith (Non-Executive Director)
Julian Babarczy (Non-Executive Chairman)
Marcus Gracey (Executive Director)
Ian Penrose (Non-Executive Director)
David Franks and Victoria-Jane Otavski (Resigned 28 January 2022)
Level 3
223 Liverpool Street
Darlinghurst, Sydney, NSW 2010
Level 3
223 Liverpool Street
Darlinghurst, Sydney, NSW 2010
Link Market Services Limited
Level 12, 680 George Street
Sydney NSW 2000
Telephone 1300 554 474
Email: registrars@linkmarketservices.com.au
William Buck Audit (WA) Pty Ltd
Level 3,15 Labouchere Road
South Perth WA 6151
Automic Legal Pty Ltd (An Automic Group company)
St George Bank Limited
IXUP Limited shares are listed on the Australian Securities Exchange. ASX code: IXU
www.ixup.com
Victoria, Australia
1
IXUP Limited Directors' report 31 December 2021
The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of IXUP Limited (referred to hereafter as the 'Company', 'parent entity' or 'IXUP') and the entities it controlled at the end of, or during, the half-year ended 31 December 2021.
Directors
The following persons were directors of IXUP Limited during the whole of the financial half-year and up to the date of this report, unless otherwise stated:
Dean Joscelyne | Non-Executive Director |
Freya Smith | Non-Executive Director |
Julian Babarczy | Non-Executive Chairman |
Marcus Gracey | Executive Director |
only | Non-Executive Director (Appointed 24 January 2022) |
Ian Penrose |
useThe loss for the consolidated entity after providing for income tax amounted to $6,676,045 (31 December 2020: $1,664,845).
R sult of operations
Review of operations
During the half year IXUP expanded the features offered across the IXUP privacy preserving analytics platform through the release of further platform updates which has strengthened the commercial offering of its technology. This truly unique capability is designed to remove the risk of data loss and misuse, in an environment that is seeing unprecedented remote b siness activity and increased instances of cyber attacks. The Company believes that future demand for the IXUP platform will increase due to the exponential increase in data acquisition occurring globally, and a desire to monetise new data assets
personalwithout risk.
Highlights of the half-year include:
● Completion of the acquisition of DataPOWA Limited to strategically position IXUP for accelerated growth within the global sports data markets.
● Execution of Pilot Collaboration Agreement with Conscious Gaming and GeoComply Solutions Inc.
● Development completion of POWA index 2.0, the next generation POWA index product recently upgraded to include the functionality and capability of the IXUP's secure data collaboration technology and IXUP's secure data market.
● Entered US online gaming and sports wagering markets
● Entered New Zealand market via partnership with Beyonde Ventures, a subsidiary of Australian loyalty consultancy Ellipsis & Company
● Signed data collaboration agreement with leading global customer data management and consulting company Acxiom ● Completed successful capital raise to fund ongoing commercialisation efforts for IXUP's world-leading data collaboration
technologies
● Appointed CFO and updated CEO remuneration
DataPOWA Limited Acquisition
On 4 August 2021, the Company completed its acquisition of DataPOWA Limited ("DataPOWA"), concluding IXUP's first business acquisition in the exciting global sports data/sponsorship industry.
On 19 May 2021 IXUP announced that it entered into a binding Share Purchase Agreement ("SPA") to acquire UK-basedForspo ts technology company DataPOWA Limited ("DataPOWA"), for a maximum purchase price of A$12 million on a cash-
free, debt-free basis ("Acquisition").
The A$12 million included 93,085,107 shares at a deemed value of $0.094 being the price of the Company shares at the time acquisition discussions commenced. In accordance with AASB 3 Business Combinations, the shares have been valued at their fair value on the date of completion at $0.155 per share, an increase of $0.061 per share.
The DataPOWA transaction was approved by shareholders at an Extraordinary General Meeting (EGM), which was held on Friday, 30 July 2021. The formal completion of the transaction subsequently occurred on the evening of Tuesday, 3 August 2021.
This acquisition strategically repositions IXUP and its technology in the lucrative sports sponsorship and sports data markets with notable adjacency to the fast-growing US digital sports gaming and wagering markets.
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IXUP Ltd. published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 02:13:10 UTC.