March 23 (Reuters) - Syntonic Ltd (SYT) :
- UNFORESEEN AND SUDDEN BUSINESS IMPACT WILL DELAY SYNTONIC'S ABILITY TO ACHIEVE ITS TARGET OF CASH FLOW POSITIVE OPERATIONS BY END OF FY2020
- UPDATES ON IMPACT OF CORONAVIRUS DISEASE ON SYNTONIC BUSINESS
- COMPANY DOES NOT ANTICIPATE ANY SHORT-TERM MATERIAL IMPACT ON BUSINESS OPERATIONS RESULTING FROM COMPANY DIRECTIVES
- SEES MATERIAL IMPACT ON FY20 REVENUE GENERATED FROM SALES AND RENEWALS OF FOX SPORTS GOL SERVICE
- REVENUE REDUCTION WILL ALSO IMPACT COMPANY'S ABILITY TO ACHIEVE ITS TARGET OF CASH FLOW POSITIVE OPERATIONS BY END OF FY2020
- SEES OVERALL DECLINE IN CONSUMER SPENDING AS COVID-19 EXPANDS INTO SYNTONIC'S PRINCIPLE MARKETS WHICH MAY REDUCE CO'S REVENUE IN UPCOMING QUARTER