IQnovate Ltd. Reports Consolidated Earnings Results for the Year Ended June 30, 2017
IQnovate Ltd. reported consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue of AUD 4,670,912 against AUD 2,670,362 a year ago. Loss before income tax income was AUD 10,199,188 against AUD 7,394,351 a year ago. Loss for the year was AUD 9,881,006 or 7.61 cents per diluted share against AUD 7,394,351 or 6.49 cents per diluted share a year ago. Loss attributable to the members of the company was AUD 9,235,949 against AUD 6,613,719 a year ago. Net cash used by operating activities was AUD 6,465,616 against AUD 6,811,337 a year ago. Purchase of intangible assets was AUD 2,841,338. Purchase of property, plant and equipment was AUD 97,115 against AUD 384,340 a year ago.