Connected IO Limited (“CIO” or “Company”) is pleased to announce1 that the Company
achieved substantially higher revenues for the recent financial year ending 30 June 2019
reaching $2.67m. The revenues for the previous 2018 financial year were $1.67m which
equates to an increase year on year of 60%.
This was achieved while the total Company expenses for the financial year ended 30 June
2019 were substantially decreased, despite the increase in manufacturing activity. Expenses
for the 2019 financial year were $4.0m compared to 30 June 2018 of $6.7m representing a
40% reduction.
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- Ann: Quarterly Report and Appendix 4C
Ann: Quarterly Report and Appendix 4C, page-2
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