AS-IP Tech, Inc. Reports Earnings Results for the First quarter Ended September 30, 2020
July 02, 2021 at 04:15 pm EDT
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AS-IP Tech, Inc. announced earnings results for the first quarter ended September 30, 2020. For the first quarter, the company announced total revenue was USD 16,032 compared to USD 15,010 a year ago. Operating loss was USD 268,299 compared to USD 180,451 a year ago. Net loss was USD 310,161 compared to USD 217,221 a year ago.
AS-IP Tech, Inc. owns a technology, which comprises two product lines called BizjetMobile and fflya. The products deliver inflight connectivity for business aviation and commercial airlines respectively. The Company sells its products through distributors of products and provides services through its intellectual property. The Company is engaged in development and marketing of airline versions of its fflya and CrewX technology. BizjetMobile and CrewX are designed for business jets and sold in North America, Europe and the Middle East. The Companyâs fflya system is designed for and marketed to airlines in Europe and Asia. The Company has secured its launch fleet, Wizz Air Hungary Airlines Limited, to provide its fflya system for 19 of its United Kingdom-based A320 and A321 aircraft for a minimum of three years. The Company has also secured a Supplemental Type Certificate (STC) for its Iridium Certus 100 platform, which is delivered to Wizz Air United Kingdom for installation.
AS-IP TECH, INC. 
