OtherLevels Holdings Limited announced audited consolidated and parent earnings results for the year ended June 30, 2018. For the period, on consolidated basis, the company reported total revenue of AUD 5,245,618 compared to AUD 3,367,293 a year ago. Loss before interest & tax was AUD 2,484,688 compared to AUD 5,195,773 a year ago. Loss before income tax was AUD 2,811,780 compared to AUD 5,239,045 a year ago. Loss after tax from continuing operations was AUD 1,740,612 compared to AUD 4,532,737 a year ago. Loss is attributable to equity holders of company was AUD 1,740,612 or 0.77 cents per basic and diluted share compared to AUD 4,532,737 or 2.08 cents per basic and diluted share a year ago. Net cash inflow from operating activities was AUD 179,731 compared to net cash outflow from operating activities of AUD 2,418,746 a year ago. Payments for property, plant and equipment was AUD 16,806 compared to AUD 6,651 a year ago. The company reported 73% improvement in EBITDA to a loss of AUD 1.1 million from a loss of AUD 4.1 million in fiscal year 2017.

For the period, on parent basis, the company reported loss for the year of AUD 1,377,034 compared to AUD 1,320,900 a year ago.

The company expects to achieve positive EBITDA in fiscal year 2019. The company's goal is to achieve positive operating cash flow through fiscal year 2019.
In summary, during fiscal year 2019, the company will maintain a strong focus on achieving positive operational cash flow, and continued cost management discipline, while growing shareholder value.