As-Ip Tech, Inc. Reports Earnings Results for the Full Year Ended June 30, 2018
October 26, 2019 at 02:05 am IST
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AS-IP Tech, Inc. announced earnings results for the full year ended June 30, 2018. For the full year, the company announced total revenue was USD 67,807 compared to USD 170,648 a year ago. Operating loss was USD 782,922 compared to USD 677,486 a year ago. Net loss was USD 1.006 million compared to USD 872,966 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
AS-IP Tech, Inc. owns a technology, which comprises two product lines called BizjetMobile and fflya. The products deliver inflight connectivity for business aviation and commercial airlines respectively. The Company sells its products through distributors of products and provides services through its intellectual property. The Company is engaged in development and marketing of airline versions of its fflya and CrewX technology. BizjetMobile and CrewX are designed for business jets and sold in North America, Europe and the Middle East. The Companyâs fflya system is designed for and marketed to airlines in Europe and Asia. The Company has secured its launch fleet, Wizz Air Hungary Airlines Limited, to provide its fflya system for 19 of its United Kingdom-based A320 and A321 aircraft for a minimum of three years. The Company has also secured a Supplemental Type Certificate (STC) for its Iridium Certus 100 platform, which is delivered to Wizz Air United Kingdom for installation.
AS-IP TECH, INC. 
