HITIQ : Appendix 4D and Half Yearly Financial Statements

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APPENDIX 4D

Interim Financial Report For the half year ended 31 December 2021

HITIQ Limited

ABN 53 609 543 213

HITIQ Limited - ABN 53 609 543 213 - Appendix 4D - Interim Financial Statements - 31 December 2021

RESULTS FOR ANNOUNCEMENT TO THE MARKET

	Reporting Period
	Report for the half-year ended	31 December 2021
	Previous corresponding half-year ended	31 December 2020
	Results for announcement to the market				Movement	Percentage %		Amount $
	Increase in revenues from contracts with customers		á	47.12%	to	$214,021
	Increase in loss from ordinary activities after tax		á	183.20	to	(3,545,803)
	Increase in loss after tax attributable to members		á	183.20	to	(3,545,803)
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	a. Dividends
				Amount per Security ₵	Franked amount per security %
	Interim dividend					nil			n/a
	Final dividend					nil			n/a
	Record date for determining entitlements to the dividend			n/a
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b. Brief explanation of any of the figures reported above necessary to enable the figures to be understood (item 2.6): Please refer to the commentary in the review of operations contained within the attached Half Yearly Financial Statements

Details of entities over which control has been gained or lost during the period:

	.Control gained over entities
	Name of entities			CSX Limited
	Date(s) of gain of control			24 November 2021
	b.Contribution to consolidated profit (loss) from ordinary activities after tax by the controlled	($62,337)
	entities to the date(s) in the current period when control was gained.
	c. Profit (loss) from ordinary activities after tax of the controlled entities for the whole of the	n/a
	previous corresponding period
	DIVIDENDS
	No dividends have been declared or are payable for the half-year ended 31 December 2021.
	RESULTS FOR ANNOUNCEMENT TO THE MARKET FOR THE YEAR ENDED 30 JUNE 2021
personal	Current period ₵	Previous corresponding period ₵
	Net tangible assets per share
	Net tangible assets backing per share (cents)	4.16		10.22
	The financial information provided in the Appendix 4D is based on the half-year condensed financial report (attached)
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which has been subject to independent review by the Auditors, Hall Chadwick. The auditors review report is subject to an emphasis of matter in respect to the going concern basis of accounting, which is detailed in the Independent auditors review report on page 23.

INTERIM FINANCIAL STATEMENTS

For personal use only

HITIQ Limited

ABN 53 609 543 213

31 DECEMBER 2021

For personal use only

HITIQ Limited - Interim Financial Statements - 31 December 2021

CONTENTS

Directors' report	2
Auditors' independence declaration	7
Statement of profit or loss and other comprehensive income	8
Statement of financial position	9
Statement of changes in equity	10
Statement of cash flows	11
Notes to the condensed financial statements	12
Directors' declaration	22
Independent auditors review report	23

GENERAL INFORMATION

The financial statements cover HITIQ Limited and its controlled entities. The financial statements are presented in Australian dollars, which is HITIQ Limited's functional and presentation currency.

HITIQ Limited is a Company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are:

Registered office	Principal place of business
Suite 3,	Suite 1, Level 2,
128 Main St	9-17 Raglan Street
Osborne Park, WA, 6017	South Melbourne, VIC, 3205, Australia

The principal activity of the company is product design and development.

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For personal use only

HITIQ Limited - Interim Financial Statements - 31 December 2021

DIRECTORS' REPORT

The Directors of HITIQ Ltd present their Report together with the financial statements of the consolidated entity, being the Company and its controlled entities (the 'Group') for the 6-month period ended 31 December, 2021 ('H1 FY22').

DIRECTOR DETAILS

The following persons were Directors of HITIQ Ltd during H1 FY22 and up to the date of this report:

• Otto Buttula - Non-Executive Chairman
• Michael Vegar - Managing Director
• Philip Carulli - Non-Executive Director
• Glenn Smith - Non-Executive Director
• Aidan Clarke - Non-Executive Director

PRINCIPAL ACTIVITIES

Transformative, concussion management technology company, HITIQ Limited (ASX: HIQ) is focused on becoming a global leader in concussion management by building the world's first end to-end concussion management platform with an eco-system of products powered by machine learning that span surveillance and detection, to assessment and ultimately rehabilitation.

During the half-year ending 31 December 2021, and up to the date of this report, HITIQ has delivered on a number of milestones as part of its FY'22 strategic plan, particularly advancing commercial outcomes with Customers and fast tracking the Technology platform.

STRATEGY AND GROWTH PLAN

HITIQ's ambition is to deliver a best-in-class concussion management technology eco-system. The Company's growth is intended to be logically driven by a three-pillar strategy and is underpinned by a multi-product approach under a subscription (SaaS) revenue model. The strategy is designed to leverage the data from sensor technology embedded in the mouthguard into a broader healthcare platform solution around concussion management and rehabilitation.

The Company's initial focus is on elite athlete markets, moving to Grass Roots Sports (Junior/Youth), Clinical Practitioners, Military, Research, and Combat Sports.

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