Makes for interesting read from my perspective entering with a position today at 1.5c - in terms of the work they have put in - they now have their app installed on 31 million smart phones - not bad at all
"The Freeway global installed base grew at an accelerated pace in all three months of the quarter, achieving a 25.2% quarter-on-quarter increase to 31.7 million smartphones."
Previous quarter
Operational Highlights Syntonic’s partnerships and business performance Regional partnerships were established during the last half of 2017 in China, Vietnam, Turkey, Sub-Saharan Africa, and Mexico which collectively represent an addressable market of nearly 800 million smartphone users1 and represent regions where Freeway’s consumer value proposition coincides with extensive 4G network expansion and growing consumer smartphone adoption.
During the quarter, the Syntonic platform was in final acceptance testing by Vodafone Ghana, MTN Ghana, Safaricom in Kenya, and Viettel in Vietnam. The Company was also in technical integration discussions with the leading carriers in Turkey, South Africa, Oman and China. Syntonic’s platform technologies, deployed through these new partnerships, will generate shared revenue streams from sponsored data, paid unlimited-access content plans and mobile split billing. 1 Source: eMarketer, Sep 2016 reference forecasts by country for 2018 Freeway International Roaming App Freeway with sponsored web browsing Freeway in Vietnam Preview Freeway Applications: Freeway International Roaming App; Freeway in Vietnam; and Freeway with sponsored web browsing \
SYT In the March quarter, the Company broadened its distribution and licensing agreement with listed telecommunications company, Tata Communications Limited, the flagship telecom arm of the US$103.3 billion Tata Group.2 In February 2018, Tata Communications extended their licensing agreement with Syntonic, granting Tata a world-wide, non-exclusive, limited three-year license to use additional Syntonic application program interfaces to enable broader and more flexible capabilities of the Tata Sponsored Data Exchange (SDX). The parties also agreed on a revenue share split for all business generated using the Syntonic licensed technologies in the Tata SDX.
It is expected that the broadened relationship will provide the foundation for continued global growth in the Freeway global installed base, create additional revenue streams and drive significant value for the Company and shareholders. A reseller agreement with value-added telecommunications provider, ATKAY A.S., was secured during the March quarter.
ATKAY, based in Turkey, will become a non-exclusive reseller of Syntonic DataFlex, the Company’s B2B mobile split billing and business analytics service. AKTAY brings established relationships with the leading carriers in Turkey, the second largest smartphone market in Central and Eastern Europe. The commercial launch in the Turkish market presents a timely foundation for broader monetisation of DataFlex, as several additional resellers and major customers were identified at Mobile World Congress 2018 in Barcelona at the end of February. Freeway Installed Base Growth Business growth accelerated during the March quarter as the Company broadened its consumer reach with the Freeway service and platform technology.
The installed base metric is the foundation of Freeway’s commercialisation strategy and a key indicator of the current and future success of the Freeway service. The Freeway global installed base grew at an accelerated pace in all three months of the quarter, achieving a 25.2% quarter-on-quarter increase to 31.7 million smartphones.
This increase was primarily driven by the embedded support of the Freeway SDK™ in fourteen Android smartphone models. With the Company’s increasing focus on its Systems business, growth in the Freeway global installed base will be principally driven by white-labelled solutions using the embedded Freeway technology rather than the Freeway consumer application.
We should know results of June quarter in a couple weeks - and could be even better and possibly much higher share price by then - maybe all their hard work starting to pay off for shareholders - time will tell
