As-Ip Tech, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2018
December 20, 2019 at 04:57 pm EST
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AS-IP Tech, Inc. announced earnings results for the second quarter ended December 31, 2018. For the second quarter, the company announced total revenue was USD 41,669 compared to USD 25,244 a year ago. Operating loss was USD 133,653 compared to USD 175,013 a year ago. Net loss was USD 189,803 compared to USD 183,997 a year ago. For the half year, total revenue was USD 54,470 compared to USD 76,044 a year ago. Operating loss was USD 288,785 compared to USD 331,206 a year ago. Net loss was USD 381,149 compared to USD 350,721 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. 