AS-IP Tech, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 16, 2022 at 06:21 am EDT
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AS-IP Tech, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported net loss was USD 0.325119 million compared to USD 0.179372 million a year ago.
For the nine months, net loss was USD 1.36 million compared to USD 0.658062 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
