2020

Financial Report
ANNUAL UPDATE

PREPARED BY
THE AUSTEN TECH FINANCE TEAM

AUSTEN TECH
About Austen Tech
MISSION

To provide companies with cutting-edge products that enable

employees to work better and smarter.

VISION

To be the largest provider of responsive technology that empowers

businesses to work quicker and better.

VALUES

INNOVATION
COLLABORATION
DATA- AND CUSTOMER-CENTRICITY
2020 at a Glance
COMPANY VALUATION
AS OF Q4 2020

$1,090,000

BUDGET BREAKDOWN

35% TO NEW TECHNOLOGY DEVELOPMENT

40% TO INVESTMENT IN PEOPLE AND TALENT

25% OPERATIONS AND EQUIPMENT

KEY CHALLENGES
SHIFT TO WORK-FROM-HOME SETUP
EMPLOYEE POOL EXPANSION
Income Statements
MAIN SOURCES OF REVENUE

$200,000 NEW PARTNERSHIPS

$750,000 NEW CLIENTS

$400,000 RECURRING REVENUE

FROM WEB APPS

COMPANY EXPENSES

Operations

New Equipment

Licenses

0 50,000 100,000 150,000

OPERATIONS NEW EQUIPMENT LICENSES

$150, 000 $100, 000 $10, 000
Growing Austen Tech:
Our 2021 Strategy
FINANCIAL TARGETS

$400K $1.5M
PARTNERSHIPS CLIENTS

$1.2M
SUBSCRIPTIONS

FUTURE PLANS FOR GROWTH

$200M $200M
NEW APP OPTIMIZATION OF
DEVELOPMENT CURRENT PRODUCTS

KEY CHALLENGES
CUSTOMIZED APP DEVELOPMENT
TIERED SUBSCRIPTIONS