SYT 0.00% 0.1¢ syntonic limited

Ann: Quarterly Activities and Cashflow Report, page-37

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  1. 6,689 Posts.
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    From the report,

    "During the quarter, Syntonic Brazil successfully transitioned the staff responsible for managing the Mobile Commerce Platform business from Zenvia Mobile Servicos Digitais S.A (“Zenvia”) to Syntonic Brazil. Outstanding to this transition are reassignment of a number of business agreements which will be completed in the upcoming months. During the transition period, Zenvia will continue to act as an agent to Syntonic Brazil to invoice and collect from those carriers and content providers with agreements not yet reassigned to the Company."

    There is much more.
    "In CY2017, these assets generated for Zenvia (unaudited) gross revenue of R$36.10 million (A$13.95 million) and (unaudited) EBITDA of R$2.27 million (A$0.89 million)."
    We already know that the previous Zenvia business had revenue of $13.95 million p.a.. SYT share is  ((A$13.95 / 4) - (20% for Zenvia) = $2.8 million a quarter.

    Add that to our existing revenue from the previous quarter (without any increase which there will be) and we have at least revenue of $3.3 million a quarter when all the rest of the Zenvia business agreements are reassigned. It is important to note that I haven't even considered the growth in the other SYT contracts. This quarter revenue was only $1.9 million. Still at least $1.4 million to come without considering any growth across the company at all.

    Again, I say that we are looking very good if SYT can keep costs ($2.2 million) as forecast for next quarter and thereabouts for following quarters.

 
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Currently unlisted public company.

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