IQX Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2018
IQX Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of AUD 1,760,036 compared to AUD 3,400,230 a year ago. Loss before income tax was AUD 3,674,002 compared to profit before income tax of AUD 17,492,126 a year ago. Loss for the period was AUD 3,608,890 compared to profit of AUD 14,218,387 a year ago. Basic and diluted loss per share was 2.93 cents compared to basic and diluted earnings per share of 12.22 cents a year ago. Net cash used in operating activities was AUD 4,389,112 compared to AUD 929,397 a year ago. Purchase of property, plant and equipment was AUD 12,639 compared to AUD 26,205 a year ago. purchase of Intangible assets was AUD 58,885.