Financial Performance - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 20% year-over-year growth[11]. - The company reported a revenue of $1.5 billion for the quarter, representing a 15% year-over-year increase[1]. - The company provided a positive outlook for the next quarter, projecting revenue growth of 15% to $1.725 billion[11]. - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a growth of 7% to 13%[1]. - Revenue from contracts with customers for the year ended June 30, 2020, was $48.71 million, an increase of 12.5% compared to $43.55 million in 2019[28]. - For the year ended June 30, 2020, total revenue was $29,343,000, a 31% increase from $22,417,000 in 2019[150]. - The company generated revenue of $48.7 million, a 12.5% increase from $43.5 million in the previous year[202]. User Growth and Engagement - User data showed an increase in active users to 10 million, up from 8 million last year, indicating a 25% growth in user base[12]. - User data showed a growth of 20% in active users, reaching 10 million users by the end of the quarter[1]. - New product launches included a software update that improved user engagement by 25%[1]. Market Expansion and Strategy - Market expansion efforts are underway in Europe, targeting a 30% increase in market share by the end of the year[12]. - The company is expanding its market presence in Europe, targeting a 30% increase in market share by the end of the fiscal year[1]. - The company plans to enter the commercial electric vehicle market, focusing initially on light electric vehicles in the mining and infrastructure sectors in Australia[39]. - The company is exploring expansion into international markets, which may involve significant risks including legal, political, and operational challenges[65]. Product Development and Innovation - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[12]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[11]. - Research and development expenses increased by 10% to $200 million, focusing on new technology innovations[1]. - VivoPower is exploring opportunities to develop battery energy storage assets alongside its solar developments due to increasing demand in the market[166]. Financial Health and Cost Management - Cost management strategies have led to a 10% reduction in operational expenses, improving overall profitability[12]. - Operating cash flow increased by 25% to $400 million, reflecting strong financial health[1]. - The gross margin improved to 60%, up from 55% in the previous quarter[1]. - General and administrative expenses decreased to $5.48 million in 2020 from $7.20 million in 2019, reflecting a reduction of 23.9%[28]. - Current liabilities decreased to $19.7 million as of June 30, 2020, from $29.1 million in 2019, indicating improved management of short-term obligations[30]. Acquisitions and Partnerships - The company has completed a strategic acquisition of a tech startup for $100 million to bolster its product offerings[11]. - The company completed an acquisition of a smaller tech firm for $300 million to enhance its product offerings[1]. - The company announced a new strategic partnership with a leading industry player to co-develop products[1]. - VivoPower's acquisition of VivoPower Australia and Aevitas for a total cash consideration of $10.1 million strengthens its market position in critical power services[127]. Customer Satisfaction and Performance - Customer satisfaction ratings have improved to 90%, reflecting a 5% increase from the previous year[12]. - The Critical Power Services segment saw revenue growth of $5.7 million, reaching $48.6 million, while solar revenues decreased to $0.1 million from $0.6 million[204]. Risks and Challenges - The company faces risks related to joint ventures, including potential revenue loss and difficulties in finding new partners if existing ventures are terminated[48]. - The company may experience delays or failures in entering into Power Purchase Agreements (PPAs) for solar projects, which could adversely affect revenue and cash flows[49]. - The company’s future projects may rely on long-term PPAs, and any inability of purchasers to fulfill contractual obligations could materially impact financial condition[50]. - The company faces competition from major players in the renewable energy services market, which may force price reductions to maintain market share[68]. - The company is exposed to foreign currency exchange risks due to operations in multiple currencies, which can affect reported financial results[78]. Regulatory and Compliance Issues - The company is subject to anti-bribery laws, and violations could lead to significant penalties and adversely affect its reputation and operations[81]. - The company is subject to various anti-corruption laws, including the U.K. Bribery Act and the U.S. Foreign Corrupt Practices Act, which impose significant compliance costs and risks[82]. - Compliance with evolving data privacy regulations, such as GDPR, imposes strict requirements and potential penalties, which could affect operational costs and legal liabilities[109]. Operational Disruptions - The COVID-19 pandemic has already caused operational disruptions, including employee stand-downs and redundancies, impacting demand and business performance[121]. - The company faced operational disruptions due to the COVID-19 pandemic, resulting in delays and adversely affecting profitability margins[142]. - Natural disasters and health epidemics, such as COVID-19, could materially disrupt operations and lead to significant adverse effects on business continuity[120].

Financial Data and Key Metrics Changes - Annual revenues for FY'20 were recorded at $48.7 million, primarily driven by growth in the Aevitas Critical Power Services business in Australia [5] - Gross profits increased by 28% year-over-year, attributed to margin improvements and a better pricing strategy [7] - Underlying EBITDA turned around from a loss of $3.8 million last year to a profit of $3.9 million in FY'20, excluding restructuring and non-recurrent charges [8] - Cash declined to $4.3 million from $7.1 million year-over-year, reflecting working capital drawdown and slowdowns in collections during COVID-19 lockdowns [10] - Net debt increased to $23.1 million, reflecting the reduction in cash balance and continued support from the major shareholder [11] Business Line Data and Key Metrics Changes - Aevitas, the Critical Power Services business, achieved strong revenue growth while also reducing overhead costs [7][8] - The company is pivoting towards a sustainable energy solution, including electric vehicles, which is expected to leverage its existing customer base of over 700 active clients [12][13] Market Data and Key Metrics Changes - The Australian market is experiencing strong tailwinds for renewable energy initiatives, supported by government actions [23][27] - The focus on electric vehicles and battery storage is expected to grow, with the Australian battery storage market becoming economically viable [37] Company Strategy and Development Direction - The strategic pivot includes a focus on electric vehicle (EV) solutions, battery leasing, retrofitting customer premises, and second-life applications for EV batteries [12][15][17] - The company aims to deliver a holistic three-pronged sustainable energy solution, emphasizing customer engagement and operational efficiency [15][49] - The board has been strengthened with technology and software capabilities to align with the new strategy [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19 but expressed optimism about the recovery and growth in the Australian operations [6][23] - The company is focused on executing its strategy and expects to announce new developments in the coming weeks [63] Other Important Information - The company is in a turnaround phase for its U.S. solar portfolio and is looking to monetize its solar projects to fund the new EV strategy [34][56] - There is a strong emphasis on capital efficiency and optimizing the balance sheet to support growth initiatives [58][59] Q&A Session Summary Question: Are there any questions from participants? - No questions were raised during the session [61] Closing Comments - Management expressed gratitude for participation and highlighted the transition to a phase of hyper-scaling, emphasizing execution as the key focus moving forward [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended OR ☒ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring th ...