IQnovate Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2018
iQnovate Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of AUD 4,729,026 against AUD 4,670,912 a year ago. Loss before income tax was AUD 15,258,850 against AUD 10,199,188 a year ago. Loss attributable to members of the parent was AUD 13,174,652 against AUD 9,235,949 a year ago. Basic and diluted loss per share was 9.89 cents against 7.61 cents a year ago. Net cash used in operating activities was AUD 14,382,138 against AUD 6,465,616 a year ago. Purchase of property, plant and equipment was AUD 24,330 against AUD 97,115 a year ago. Purchase of intangible assets was AUD 228,089 against AUD 2,841,338 a year ago.