ATOMOS LIMITED — Interim / Quarterly Report 2021

Feb 14, 2021

Atomos Limited

Appendix 4D & Interim Financial Statements for the half-year ended 31 December 2020

ACN: 139 730 500 ASX Code: AMS

Contents

Appendix 4D	1
Directors' report	3
Auditor's independence declaration	5
Condensed consolidated statement of profit or loss and other comprehensive income	6
Condensed consolidated statement of financial position	7
Condensed consolidated statement of changes in equity	8
Condensed consolidated statement of cash flow	9
Notes to the condensed consolidated financial statements	10
Directors’ declaration	15
Independent auditor’s review report	16
Company directory	18

Atomos Limited Interim financial report for the six-months ended 31 December 2020

Appendix 4D – Half-yearly report

Reporting period

Reporting period: Half-year ended 31 December 2020 Previous corresponding period (PCP): Half-year ended 31 December 2019

Results for announcement to the market

Revenue and loss after tax for the half-year ended 31 December 2020	$’000	Increase	VAR%
		On PCP
Revenue from ordinary activities	32,750	122	0.4%
Profit from ordinary activities after tax attributable to members	1,744	4,162	238.6%
Profit for the period attributable to members	1,744	4,162	238.6%

Dividends

No dividends have been paid or declared since the start of the financial year (2019:nil). No recommendation for payment has been made.

Overview of operating results

Atomos reported a strong first half result, with key highlights as follows:

• Record Revenue of $32.8m despite the impact of COVID

• Gross Profit of $14.7m, in line with the first-half of last year

• Fixed operating expenses of $9.3m were down 22% on the same period last year

• Record earnings in the period with Earnings before interest tax, depreciation and amortisaton of $3.5m (H1 FY20: -$0.3m) and Net Profit after Tax of $1.7m (H1 FY20: -$2.4m)

• Atomos also generated $4.5m of cash during the period and has a strong balance sheet

For a further explanation of the results above please refer to the accompanying Directors’ Report.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Appendix 4D – Half-yearly report (continued)

Net tangible assets per security

Net tangible assets per security
	31-Dec-20	31-Dec-19
Net tangible assets per security	$0.16	$0.19
Total number of shares on issue at period end	218,467,435	186,704,375

(*) For the purposes of calculating net tangible assets per security, the carrying values of the Right-ofuse assets and the related lease liabilities have been excluded from the calculations.

Entities over which control has been gained or lost during the period

There are no entities over which control has been gained or lost during the period

Associates and joint venture entities

There are no associates or joint venture entities.

Dividend reinvestment plans

The Company currently does not have a dividend reinvestment plan.

Independent audit review

This report is based on the condensed consolidated financial statements which have been subject to independent audit review by Deloitte. The independent audit review report is included within the Company’s Interim Report which accompanies this Appendix 4D.

Accounting standards

This report has been compiled using Australian Accounting Standards and International Financial Reporting Standards.

Other information required by Listing Rule 4.3A

Other information requiring disclosure to comply with Listing Rule 4.3A is contained in the 31 December 2020 Interim Report (which includes the Directors’ Report) which accompanies this Appendix 4D.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Directors’ Report

The Directors of Atomos Limited (‘Atomos’ or ‘the Company’) present their Report together with the interim financial statements of the consolidated entity, being Atomos and its Controlled Entities (‘the Group’) for the half-year ended 31 December 2020.

Directors

The names of the Directors in office at any time during or since the end of the half-year are:

Mr Jeromy Michael Young Sir Hossein Yassaie Mr Christopher John Tait Mr Stephen John Stanley

The abovenamed Directors held office during and since the end of the financial period unless otherwise stated.

Dividends

No dividends have been paid or declared since the start of the financial year (2019: nil). No recommendation for payment has been made.

Company Overview

Atomos is a global video technology company founded in 2009 and which listed on the ASX on 28 December 2018 (ASX:AMS).

Atomos enhances video content creation by producing products that connect the imaging and computer worlds, from the point of capture (camera) through to displaying (monitor), processing and recording of the latest high-quality video onto affordable computer media for creative enhancement and distribution of content.

The Company designs, develops and commercialises, award winning, simple to use and affordable monitor recorder products. They enhance video content creation, ensuring content creators have access to advanced video monitoring, processing and recording technologies, regardless of the camera or production technology they use.

By using the processing and recording capability of Atomos products, video creators can achieve enhanced recording quality, on sharp deep colour displays for greater flexibility and control onto lowercost media creating a more streamlined workflow than the camera’s standard functionality is capable of.

Review of operations

During the first half of FY21 the Company enjoyed strong sales growth driven by the release of multiple RAW enabled cameras / camera upgrades. In close partnership with these major camera makers, Atomos enabled their cameras to record in Apple’s increasingly popular ProRes RAW video format when paired with an Atomos device. The expansion of the ProRes RAW ecosystem drove strong sales, particularly of Ninja V and Shogun 7.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Directors’ Report (continued)

Auditor’s Independence Declaration

A copy of the Auditor’s Independence Declaration as required under s307C of the Corporations Act 2001 is included on page 5 of this financial report and forms part of this Directors’ Report.

Rounding of amounts

Atomos is a type of Company referred to in ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191 and therefore the amounts contained in this report and in the financial report have been rounded to the nearest $1,000 (where rounding is applicable), or in certain cases, to the nearest dollar under the option permitted in the Instrument.

Signed in accordance with a resolution of the Directors, pursuant to section 306(3) of the Corporations Act 2001 :

On behalf of the Directors

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Mr Stephen Stanley Director Melbourne 15[th] day of February 2020

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Atomos Limited

Interim financial report for the six-months ended 31 December 2020

Deloitte Touche Tohmatsu ABN 74 490 121 060 477 Collins Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia

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Tel: +61 (0) 3 9671 7000 Fax: +61 (0) 3 9671 7001 www.deloitte.com.au

15 February 2021

The Board of Directors Atomos Limited 33-41 Balmain Street CREMORNE VIC 3121

Dear Board Members

Atomos Limited

In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following declaration of independence to the directors of Atomos Limited.

As lead audit partner for the review of the financial report of Atomos Limited for the half-year ended 31 December 2020, I declare that to the best of my knowledge and belief, there have been no contraventions of:

• (i) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and

• (ii) any applicable code of professional conduct in relation to the review.

Yours sincerely

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DELOITTE TOUCHE TOHMATSU

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Craig Bryan Partner Chartered Accountants

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/au/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

The entity named herein is a legally separate and independent entity. In providing this document, the author only acts in the named capacity and does not act in any other capacity. Nothing in this document, nor any related attachments or communications or services, have any capacity to bind any other entity under the ‘Deloitte’ network of member firms (including those operating in Australia).

Liability limited by a scheme approved under Professional Standards Legislation.

Member Deloitte Asia Pacific Limited and the Deloitte Network.

Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the half-year ended 31 December 2020

		Consolidated	Consolidated
		Half-year	ended
	Notes	31-Dec-20	31-Dec-19
		$'000	$'000
Revenue	4	32,750	32,628
Cost of sales		(18,035)	(17,715)
Gross profit		14,715	14,913
Other income	4	1,191	12
Other losses		(155)	(283)
Employee benefits expense		(5,195)	(4,429)
Research and development expense		(2,084)	(2,055)
Advertising and marketing expense		(948)	(2,725)
Finance costs		(173)	(216)
Administration and other expense		(820)	(1,694)
Distribution expense		(1,148)	(1,005)
Warranty expense		(979)	(668)
Royalty expense		(225)	(311)
Occupancy expense		(103)	(291)
Legal and professional services		(738)	(579)
Transaction costs		-	(1,219)
Depreciation and amortisation		(1,471)	(1,596)
Profit/(Loss) before income tax		1,867	(2,146)
Income tax expense		(123)	(272)
Profit/(Loss) for theperiod		1,744	(2,418)
Other comprehensive income, net of income tax
Items that will not be reclassified subsequently to profit or loss:		-	-
Items that may be reclassified subsequently to profit or loss:
- Exchange differences on translating foreign operations		(98)	(81)
Other comprehensive loss for the period		(98)	(81)
Total comprehensiveprofit/(loss) for theperiod		1,646	(2,499)
Earnings per share
Basic profit/(loss) per share	7	0.80 cents	(1.50) cents
Diluted profit/(loss) per share	7	0.79 cents	(1.50) cents

Note: This statement should be read in conjunction with the notes to the interim financial statements.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Condensed Consolidated Statement of Financial Position

As at 31 December 2020

		Consolidated	as at
	Notes	31-Dec-20	30-Jun-20
		$'000	$'000
Assets
Current assets
Cash and cash equivalents		23,294	18,768
Trade and other receivables		6,101	4,668
Inventories		15,154	16,808
Other current assets		5,431	2,613
Total current assets		49,980	42,857
Non-current assets
Property, plant and equipment		2,644	2,663
Right-of-use assets	8	2,880	8,963
Intangible assets	9	25,345	25,096
Total non-current assets		30,869	36,722
Total assets		80,849	79,579
Liabilities
Current liabilities
Trade and other payables		15,549	10,708
Borrowings		124	139
Provisions		1,150	755
Lease liabilities	10	596	1,107
Total current liabilities		17,419	12,709
Non-current Liabilities
Provisions		295	130
Lease liabilities	10	2,462	8,288
Deferred tax liability		1,043	1,043
Non-current Liabilities		3,800	9,461
Total liabilities		21,219	22,170
Net assets		59,630	57,409
Equity
Issued capital	11	101,749	101,538
Foreign currency translation reserve		(48)	50
Share based payments reserve		1,308	944
Accumulated losses		(43,379)	(45,123)
Total equity		59,630	57,409

Note: This statement should be read in conjunction with the notes to the interim financial statements.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Condensed Consolidated Statement of Changes in Equity

For the half-year ended 31 December 2020

	Issued capital (Ordinary shares)	Accumulated losses	Foreign currency translation reserve	Share based payments reserve	Total equity
	$'000	$'000	$'000	$'000	$'000
Balance at 1 July 2019	44,057	(23,025)	147	2,030	23,209
Transactions with owners
Share-based payments	-	-	-	190	190
Issue of new share capital	44,442	-	-	-	44,442
Transaction costs relating to issue of share capital	(1,520)	-	-	-	(1,520)
Total transactions with owners	42,922	-	-	190	43,112
Comprehensive income
Loss for the period	-	(2,418)	-	-	(2,418)
Other comprehensive income	-	-	(81)	-	(81)
Total comprehensive income	-	(2,418)	(81)	-	(2,499)
Balance at 31 December 2019	86,979	(25,443)	66	2,220	63,822
Balance at 1 July 2020	101,538	(45,123)	50	944	57,409
Transactions with owners
Share-based payments	-	-	-	364	364
Issue of new share capital	221	-	-	-	221
Transaction costs relating to issue of share capital	(10)	-	-	-	(10)
Total transactions with owners	211	-	-	364	575
Comprehensive income
Profit for the period	-	1,744	-	-	1,744
Other comprehensive income	-	-	(98)	-	(98)
Total comprehensive income	-	1,744	(98)	-	1,646
Balance at 31 December 2020	101,749	(43,379)	**(48) **	1,308	59,630

Note: This statement should be read in conjunction with the notes to the interim financial statements.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Condensed Consolidated Statement of Cash Flows

For the half-year ended 31 December 2020

	Consolidated	Consolidated
	Half-year	ended
	31-Dec-20	31-Dec-19
	$'000	$'000
Operating activities
Receipts from customers	32,445	28,903
Payments to suppliers and employees	(26,407)	(35,621)
Interest received	28	12
Income taxes paid	(123)	(84)
Net cashgenerated by / (used in) operating activities	5,943	(6,790)
Investing activities
Payments for property, plant and equipment	(342)	(2,905)
Payments for right-of-use assets	(33)	(64)
Payments for intangible assets	(733)	(1,766)
Payment for acquisition of subsidiary	-	(5,617)
Net cash used in investing activities	(1,108)	(10,352)
Financing activities
Proceeds from issue of equity instruments in the company	221	30,090
Payment for equity raise costs	(10)	(1,520)
Interest paid	(173)	(216)
Repayment of lease liabilities	(347)	(302)
Net cash(outflow) / inflow from financing activities	(309)	28,052
Net change in cash and cash equivalents	4,526	10,910
Cash and cash equivalents, beginning of period	18,768	5,112
Cash and cash equivalents, end ofperiod	23,294	16,022

Note: This statement should be read in conjunction with the notes to the interim financial statements.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

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Notes to the Condensed Consolidated Financial Statements

1. General information

Atomos Limited (Atomos) is a public company limited by shares, incorporated and domiciled in Australia. Atomos is the Group’s ultimate holding Company. The Group listed on the ASX on 28 December 2018 (ASX:AMS).

The principal activities of the Group were the manufacture and wholesaling of video equipment. There have been no significant changes in the nature of these activities during the year. The address of its registered office and principal place of business is 33-41 Balmain Street, Cremorne, Victoria 3121.

The Consolidated Interim Financial Statements for the half-year ended 31 December 2020 were approved and authorised for issue by the board of Directors on 15[th] February 2021.

2. Significant Accounting Policies

Statement of compliance

The half-year financial report is a general purpose financial report prepared in accordance with the Corporations Act 2001 and AASB 134 Interim Financial Reporting . Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 Interim Financial Reporting . The half year report does not include the type of notes normally included in the annual report. This should be read in conjunction with the most recent financial report.

Basis of preparation

The condensed consolidated financial statements have been prepared on the basis of historical costs. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars, unless otherwise noted.

The company is a company of the kind referred to in ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191 , dated 24 March 2016, and in accordance with that Corporations Instrument amounts in the financial report are rounded off to the nearest thousand dollars, unless otherwise indicated.

The accounting policies and methods of computation adopted in the preparation of the half-year financial report are consistent with those adopted and disclosed in the company’s 2020 annual report for the financial year ended 30 June 2020. Several amendments and interpretations apply for the first time, however they do not have an impact on the interim financial statements.

Where required by Accounting Standards, comparative amounts have been adjusted to conform to changes in presentation in the current financial year.

Government Grants

During the half-year, the Group continued to be eligible for certain government support in response to the coronavirus pandemic as explained in the Group’s last annual report. The Group’s accounting policy for government grants is consistent what that of the last annual report.

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3. Segment reporting

The Group operates in one segment being the manufacture and sale of video equipment. No operating segments have been aggregated in arriving at the reportable segment of the Group.

The Company reports revenues from external customers attributable to the following geographic regions:

• North America

• Europe, the Middle East and Africa (EMEA)

• Asia Pacific (APAC)

• Other

4. Revenue – at point in time

	Consolidated	Consolidated
	Half-year	ended
	31-Dec-20	31-Dec-19
	$'000	$'000
Revenue
Sale of goods	32,507	32,108
Other revenue	243	520
Total revenue	32,750	32,628
Other income
Interest	28	12
Government subsidies	618	-
Gain on modification of lease	470	-
Other income	75	-
Total other income	1,191	12
Total revenue and other income	33,941	32,640

5. Change in accounting estimates

There were no significant changes in accounting estimates during the period.

6. Dividends

There were no dividends paid or declared to equity holders during or since the half-year ended 31 December 2020. There were no dividends paid during the comparative period.

7. Earnings per share

Both the basic and diluted earnings per share have been calculated using the loss attributable to shareholders of Atomos Limited as the numerator. The weighted average number of shares for the purposes of diluted earnings per share to the weighted average number of ordinary shares used in the calculation of basic earnings per share is as follows:

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	Consolidated	Consolidated
	Half-year	ended
	31-Dec-20	31-Dec-19
	$'000	$'000
Loss attributable to the owners of the Company	1,744	(2,418)
	No.	No.
Weighted average number of shares used in calculating basic EPS	218,203,293	166,231,277
Weighted average of potential dilutive ordinary shares
Options	1,661,358	-
Weighted average number of shares used in calculating diluted EPS	219,864,651	166,231,277

8. Right-of-use assets

		Consolidated
		Half-year ended
	Buildings	Vehicle	Total
	$'000	$'000	$'000
Cost
At 1 July 2020	10,195	26	10,221
Additions	383	-	383
Disposals / Modifications	(6,765)	-	(6,765)
At 31 December 2020	3,813	26	3,839
At 1 July 2019	-	-	-
Additions	10,001	26	10,027
Disposals	-	-	-
At 31 December 2019	10,001	26	10,027
Accumulated depreciation
At 1 July 2020	1,244	14	1,258
Charge for the half-year	619	7	626
Disposals / Modifications	(925)	-	(925)
At 31 December 2020	938	21	959
At 1 July 2019	-	-	-
Charge for the half-year	599	7	606
Disposals	-	-	-
At 31 December 2019	599	7	606
Carrying amount
At 31 December 2020			2,880
At 31 December 2019			9,421

9. Intangible assets

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			Consolidated	Consolidated
			Half-year ended
			Trademarks		Capitalised
		Patents and	and Brand	Customer	development
	Goodwill	Product IP	Name	Relationships	costs	Total
	$'000	$'000	$'000	$'000	$'000	$'000
Cost
At 1 July 2020	15,068	4,836	700	120	22,389	43,113
Additions	-	-	-	-	733	733
At 31 December 2020	15,068	4,836	700	120	23,122	43,846
At 1 July 2019	-	-	-	-	19,194	19,194
Additions	14,967	4,836	700	-	1,767	22,270
At 31 December 2019	14,967	4,836	700	-	20,961	41,464
Accumulated depreciation & impairment
At 1 July 2020	-	(176)	(136)	(23)	(17,682)	(18,017)
Charge for the half-year	-	(151)	(117)	(20)	(196)	(484)
At 31 December 2020	-	(327)	(253)	(43)	(17,878)	(18,501)
At 1 July 2019	-	-	-	-	(10,722)	(10,722)
Charge for the half-year	-	(25)	(19)	-	(624)	(668)
At 31 December 2019	-	(25)	(19)	-	(11,346)	(11,390)
Carrying amount
At 31 December 2020	15,068	4,509	447	77	5,244	25,345
At 31 December 2019	14,967	4,811	681	-	9,615	30,074

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10. Lease liabilities

10. Lease liabilities
	Consolidated as at
	31-Dec-20	30-Jun-20
	$'000	$'000
Lease liabilities
Maturity analysis
Year 1	596	1,107
Year 2	533	886
Year 3	245	872
Year 4	277	893
Year 5	271	939
Onwards	1,136	4,698
	3,058	9,395
Analysed as:
Current	596	1,107
Non-current	2,462	8,288
Total	3,058	9,395

11. Issued capital

11. Issued capital
	31-Dec-20	30-Jun-20
	$'000	$'000
Ordinaryshares – fully paid	101,749	101,538

Movements in issued capital

Movements in issued capital
	Half year ended		Half year ended
	31-Dec-20		31-Dec-19
	No.	$'000	No.	$'000
Balance at beginning of period	217,665,489	101,538	151,957,624	44,057
Shares issued to employees, consultants, directors	188,956	-	651,442	25
Shares issued on exercise of options	612,990	221	-	-
Shares issued towards placements	-	-	24,858,000	30,065
Shares issued for acquisition of TCS	-	-	9,237,309	14,352
Equity, raising costs, net of income tax	-	(10)	-	(1,520)
Balance at end ofperiod	218,467,435	101,749	186,704,375	86,979

All shares are equally eligible to receive dividends and the repayment of capital and represent one vote at a shareholders’ meeting of the Company.

12. Related party transactions

Transactions with director-related entities

Chris Tait is a shareholder and director of Henslow and the Advisory Board Chair of Bluerock Group. Henslow

Henslow was engaged for corporate broking services and was paid $45,000 (exclusive of GST) during the half-year.

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

12. Related party transactions (continued)

Bluerock

Atomos utilises Bluerock professional services. Bluerock professional services fees were $9,735 (exclusive of GST) during the half-year.

There have been no other significant transactions since the end of the last annual reporting where disclosure is necessary for an understanding of the interim period.

13. Contingent assets and liabilities

In the Directors’ view, there are no contingent assets or liabilities that will have a material effect on the Group in the future.

14. Subsequent events

No matters or circumstances have arisen since the end of the period that have significantly affected or may significantly affect either:

• the entity’s operations in future financial years;

• the results of those operations in future financial years; or

• the entity’s state of affairs in future financial years.

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Directors’ declaration

The directors of Atomos Limited declare that:

• a. in the directors’ opinion, there are reasonable grounds to believe that Atomos Limited will be able to pay its debts as and when they become due and payable; and

• b. in the directors’ opinion, the attached interim financial statements and notes thereto are in accordance with the Corporations Act 2001, including compliance with accounting standards and giving a true and fair view of the financial position and performance of the consolidated entity.

Signed in accordance with a resolution of the directors made pursuant to s303(5) of the Corporations Act 2001.

On behalf of the Directors

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Mr Stephen Stanley Director Melbourne 15[th] day of February 2021

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Atomos Limited Interim financial report for the six-months ended 31 December 2020

Deloitte Touche Tohmatsu ABN 74 490 121 060

477 Collins Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia

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Tel: +61 (03) 9671 7000 Fax: +61 (03) 9671 7001 www.deloitte.com.au

Independent Auditor’s Review Report to the Members of Atomos Limited

Report on the Half-Year Financial Report

We have reviewed the half-year financial report of Atomos Limited (the “Company”) and its subsidiaries (the “Group”), which comprises the condensed statement of financial position as at 31 December 2020, the condensed statement of profit or loss and other comprehensive income, the condensed statement of cash flows and the condensed statement of changes in equity for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the Directors’ declaration.

Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of the Group is not in accordance with the Corporations Act 2001 , including:

• (a) giving a true and fair view of the Group’s financial position as at 31 December 2020 and of its performance for the half-year ended on that date; and

• (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .

Basis for Conclusion

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Half-year Financial Report section of our report. We are independent of the Group in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor’s review report.

Directors’ Responsibilities for the Half-Year Financial Report

The directors of the company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the Directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for the Half-Year Financial Report

Our responsibility is to express a conclusion on the half-year financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including giving a true and fair view of the Group’s financial position as at 31 December 2020 and its performance for the half-year ended on that date, and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .

Liability limited by a scheme approved under Professional Standards Legislation. Member Deloitte Asia Pacific Limited and the Deloitte Network.

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Auditor’s Responsibilities for the Half-Year Financial Report (continued)

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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DELOITTE TOUCHE TOHMATSU

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Craig Bryan Partner Chartered Accountants Melbourne, 15 February 2021

Company directory

Company

Atomos Limited 33-41 Balmain Street, Cremorne VIC 3121 Email: info@atomos.com Web: www.atomos.com

Registered Office

33-41 Balmain Street Cremorne VIC 3121

ASX Code

AMS

Directors

Chris Tait – Executive Chairman Jeromy Young – Managing Director and CEO Sir Hossein Yassaie – Independent Non-executive Director Mr Stephen Stanley - Independent Non-executive Director

Company Secretary

Lisa Dadswell

Auditor

Deloitte Touche Tohmatsu 477 Collins Street Melbourne VIC 3000

Australian Legal Adviser

Maddocks Lawyers Level 27, Angel Place Sydney NSW 2000

Registry

Boardroom Pty Ltd Level 12, 225 George Street Sydney NSW 2000

19

Atomos Limited Interim financial report for the six-months ended 31 December 2020