IQnovate Ltd. reported consolidated earnings results for the half year ended December 31, 2015. For the period, the company reported revenue of AUD 1,485,998 against AUD 218,514 a year ago. Loss before income tax income was AUD 3,193,804 against AUD 1,672,412 a year ago.

Loss for the half year was AUD 3,193,804 or 7.50 cents per diluted share against AUD 1,672,412 or 4.03 cents per diluted share a year ago. Net cash used by operating activities was AUD 3,106,812 against AUD 1,682,133 a year ago. Acquisition of intangible assets was AUD 9,306.

Purchase of property, plant and equipment was AUD 320,771 against AUD 72,290 a year ago.