Connected IO Limited (“CIO” or “Company”) is pleased to...

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.