Syntonic Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue from ordinary activities of AUD 1,730,366, a 104% increase compared to AUD 846,139 a year ago. Loss after tax attributable to members was AUD 5,386,841 against AUD 25,762,930 a year ago. Net loss for the year was AUD 5,386,841 against AUD 25,762,930 a year ago. Revenue from continuing operations was AUD 1,768,524 against AUD 924,413 a year ago. Loss before income tax expense was AUD 5,386,841 against AUD 25,762,930 a year ago. Net cash outflow from operating activities was AUD 4,820,333 against AUD 3,919,974 a year ago. Loss per basic and diluted share from continuing operations attributable to the ordinary equity holders of the company was 0.22 cents against 1.18 cents a year ago.

Anticipating growth from the company's broad group of tier-1 customers, the company expects solid revenue growth and sales pipeline execution progress in fiscal year 2019 with commercial deployments in the Americas, Asia, Middle East, Central Europe, and Africa.