CV Check Ltd. Reports Consolidated Earnings Results for the First Half of 2017; Reiterates Revenue Guidance for 2017
February 27, 2017 at 04:15 pm EST
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CV Check Ltd. reported consolidated earnings results for the first half of 2017. For the period, the company reported revenue of AUD 4,951,728 up 74% from AUD 2,848,959 in the first half of fiscal 2016. OPEX was negative AUD 8.1 million compared to negative AUD 4.8 million a year ago. Loss before income tax was AUD 2,420,369 compared to AUD 6,624,130 a year ago. Loss for the period attributable to members of company was AUD 2,224,258 compared to AUD 6,624,130 a year ago. Basic and diluted loss per share was 1.03 cents against 4.03 cents a year ago. Net cash flows used in operating activities was AUD 2,362,454 compared to AUD 4,871,734 a year ago. Payment for purchases of plant and equipment was AUD 7,475 compared to AUD 31,640 a year ago. Payment for intangible assets were AUD 581,757 compared to AUD 331,146 a year ago. LBITDA was AUD 2,171,788.
For fiscal 2017, the company reiterates revenue to achieve fiscal 2017 guidance of AUD 11 million to AUD 12 million.
Kinatico Limited is an Australia-based provider of know your people solutions. The Companyâs solutions comprise pre-employment screening, verification services and workforce compliance management internationally. It provides real-time workforce compliance management via its core software-as-a-service RegTech solution Cited. By combining certifications and compliance data with business policy and legislative requirements, Cited enables scalable compliance monitoring spanning pre-employment to real-time requirements related to geo-location, roles and tasks applicable across a range of industries. It also provides a range of pre-employment checks via its CVCheck solution. This is delivered via its technology platform, which include employment screening and verification offering. Its OnCite is a native mobile application available in iOS and Android, that allows workers to manage their own compliance daily, control their own credentials, and share that information.