Rereading last quarters 4C, we saw the first of the Revenue start to come through from deals struck months if not years before. Things should in theory ramp up from there. Realistically if we see an increase above the $281k then we are heading in the right direction.
"In the last quarter, Syntonic has made steady progress with the business pipeline starting to materialize into recurring revenue. The Company recognized revenues of A$281,087 for the quarter Q3 FY2017. Post quarter end, Syntonic will receive cash receipts from Verizon Wireless for licensing and hosting services that commenced on 9 March 2017.
Syntonic is in a strong cash position with cash reserves of A$5.7 million (31 March 2017) and continues to remain debt-free.
The Company’s strategy factors four key performance metrics:
Revenue Generation
Syntonic has a multi-sided revenue model both from its infrastructure business, licensing its platform to service providers, and from its services business, providing a cost-efficient means for content providers to acquire, engage, and monetize consumers. In subsequent quarters, the services business will also include revenue from the Company’s upcoming OTT subscription services. OTT subscription service revenue is in addition to revenue generated from paying content providers using the Freeway platform for acquisition, engagement, and monetization.
To advance the revenue opportunities, this quarter marked the launch of the new Freeway Campaign Manager™ 2.0. The Campaign Manager is an on-line, self-service campaign creation and management solution for app publishers and content providers that streamlines content on-boarding and payment handling with minimal sales and operational costs to the Company.
Manager is targeted at the long-tail of app publishers and doesn’t replace account management for large, named accounts.
With additional content conversions, upcoming and recurring revenue from Verizon, OTT subscription services, and more efficient on-boarding for app developers and publishers, the Company believes it has reached a positive inflection point in its revenue ramp-up."
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