Alan Kohler interviews Gary Greenbaum Syntonic, page-22

Hunt would do a better job than I incorporating the interview into his SYT blurb but what I would like to point out is as follows;

(SYT) "actually have two separate businesses, one is a systems business where we licence our technology to carriers to enable these new content services. It’s a very good business. Our marquee customers are Verizon Wireless, Tata Communications."

So in essence SYT sells software that the carriers have been unable to develop themselves to date. The traveller app and the rollout of Dataflex will compliment The sponsored data software, the SDK and the OTT. They will also soon have the capacity to provide Customer data analytics and a payment hub. (From the last webinar).

Seems like a valuable mobile network software suite to me. GG suggests that this is the most profitable side of the revenue model.

"On the other side is our own services business where we have our own branded service that runs on top of these various carriers and is across carriers."

Great marketing tool to demonstrate proof of concept to carriers.

Based on the above, the companies that some try to compare SYT to, are not in the same stratosphere.

Therefore I would suggest that the company is under valued currently in comparison to peers (if any). IMO