Highlights:
• Secured an A$30.75m facility, drew down A$8m and raised A$4m equity placement at $0.13.
• A$10.2m acquisition of SSI Pacific Pty Limited completed by January 8th. Consolidated A$1.5m EBITDA annualised.
• Increased ownership of the China JV (iLinkAll) from 49% to 80%.
• Sales are underway in China with a total estimate of 350,000 licenses.
• NetLinkz* reported a cash balance of A$6.203 million at 31 December 2019.
• Projected Revenue A$15.3m for the year ended 31 December 2020
For the full report, please download the attached PDF
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