NetLinkz Ltd (ASX:NET) is pleased to provide our quarterly Appendix 4C update of its activities and achievements for the March quarter, 2020.
Highlights
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A$2.19m revenue generated at a Group level.
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China operation has generated A$1.655m revenue.
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SSI has generated A$535,000 revenue.
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Contracts continue to be signed and sales in China are increasing despite COVD 19 and the lockdown. VIN sales to the end of March are 437,000 licenses.
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A$ 4.1m of funding transferred to Netlinkz China entities in February providing 18 months of working and investment capital.
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Projected revenue for year ending 31 December 2020 remains unchanged at A$15.3m.
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Consolidated Cash Balance: A$7.3m (including AOFA and iLinkAll).
For more information, please refer to the attached PDF
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