Appendix 4E and Annual Report
Melbourne, Aug 23, 2016 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) today announced the Financial Report on the results for the year ended 30 June 2016. In accordance with Listing Rule 4.3A, the report is attached.
Highlights for the Financial Year
- Successfully completed a $10.45m capital raising to institutional investors at an issue price of $0.40
- Cash at Bank as at 30 June 2016 of $8.96m ($2.267m at 30 June 2015)
- Strengthened Balance Sheet with Net Assets of $9.7m ($3.47m at 30 June 2015)
Financial Results
The net loss for the financial year to 30 June 2016 was $9.295m ($10.045m at 30 June 2015).
The loss comprised operational and business development investment of $4.461m with non-cash related share based payments comprising of $4.834m of the total loss (relating to the issue of share options to corporate advisors).
Revenues of $0.444m were earned during the course of the financial year. These comprised of $0.243m from Research & Development tax concessions, $0.180m from bank interest and $0.021m from receipts from customers.
The Company has sufficient cash at bank of $8.96m and a strengthened balance sheet with net assets of $9.7m.
To view the full Report and Appendix, please visit:
http://abnnewswire.net/lnk/2GC80MXF
About iSignthis Ltd
iSignthis Ltd (ASX:ISX) (FRA:TA8) is a hybrid monetary financial institution and also a RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment, electronic money and identity service via our Paydentity(TM) and ISXPay(R) solutions.
By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.
iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.
ISXPay(R) is a principal member of Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, PRZ24 and others.
Probanx Solutions Ltd, a wholly owned subsidiary of iSignthis Ltd, provides API based access to CORE Banking solutions, SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Eurosystem's Central Bank of Lithuania's CENTROLink service.
| ||
|
