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.