June 2016 - Quarterly Report
Highlights
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Completed a placement of $11.975M in after 30 June 2016
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Launched a video of the Roam-e drone in June 2016
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Establishing manufacturing capability for the Roam-e with AEE
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Developed a range of OK Smart Watches
-
Established distribution arrangements for its products
About IOT Group Limited (Internet of Things)
IOT Group has tapped in to g l obal n i che
markets by adapting and enhancing existing t rend products and making them more
consumer useful. The IOT Group i s designing and developing a range of smart wearables, a range of f l y ing selfie drones, augmented
reality, v i r tual reality, home auto mation products and much more .
Utilising industry specific innovation and our own tech nology, we' ve created th e f i r s t facial recognition f l y i ng selfie device operated
through smartphones and v i s i on contro l systems, called ROAM - e. Built with the world ' s f i r st d ual - axis collapsible blades
means that ROAM - e' s l igh t , comp act an d easy to carry and ready for any occasion but most importantly not weigh you down. Selfies have reached new heights!
Outdoor Konnect ( OK) focus on designing and developing a range of affordable i nnovative wearable devices, accessories and outdoor
products using the l atest tec hnology with
unique features. Our devices i nclude a variety of smart watches with some a l ready available through retailers and f rom our website.
OTT Premium will provide l eading telcos,
broadcasters, TV & f i lm production companies and content owners with unsurpassed OTT
software delivering content that can be
v i ewed on multiple devices and languages
w o r l d w i d e d i r e c t t o t h e a u d i e n c e .
IOT Group Limited
ABN 66 140 475 921
Level 14
39 Martin Place
SYDNEY NSW 2000
Phone: 1300 205 955
Email: [email protected]
www.theiotgroup.com
Scott Brown Non-executive Chairman Ian Duffell Executive Director Simon Kantor Executive Director
Ron Hollands Company Secretary
Business Update
IOT Group Limited (ASX:IOT) is pleased to provide an update to shareholders for the quarter ended 30 June 2016. During the quarter, the Company continued to progress its business as follows:
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Developed a range of OK Smart Watches (see below) which will be sold through online and retailers
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The technical team have been working solidly on delivering the Roam-e drone and the full suite of functionality.
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Signed exclusive manufacturing agreement with AEE China. AEE production capabilities of up to 50,000 units per week by September 2016.
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Filmed and released the Hero video for ROAM-e in June 2016.
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Marketing team continued to finalise Product packaging and point of sales materials in different languages and are preparing them for mass global distribution.
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IOT during the quarter continues to develop the distribution channels and relationships in the United States, Canada, Mexico, Japan, Australia and the United Kingdom. Top Tech Distribution became the Company's US distributor.
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The Company presented ROAM-e to a sample market of four major US retailers with very positive feedback. The Company expects significant orders from US retailers and will believe that first sales of the Roam-e will be booked in the Dec Qtr.
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IOT Group has signed an exclusive Distribution Agreement with Shenzhen AEE Aviation Technology Co. Ltd (AEE) one of the World's largest Drone manufacturers, based in China to distribute AEE's range of drones in Australia and Japan.
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OTT Premium will provide leading telcos, broadcasters, TV & film production companies and content owners with unsurpassed OTT software delivering content that can be viewed on multiple devices
and languages worldwide direct to the audience. OTT Premium looks to partner with the biggest players in streaming, content provision, cloud storage, analytics, billing gateways and application development to provide a complete end-to-end content delivery solution .This end-to-end service provision reflects a B2B strategy for OTT Premium.
Corporate
On 30 June 2016 IOT Group had $1.9 million in cash. During the June Quarter, the Company continued to develop its business with net expenditure on operations being $2.7M. After the end of the quarter the Company raised $11.975M in funds (before costs) by issuing 171,074,680 ordinary class shares.
Issued and quoted securities at end of current quarter
Total number
|
Number quoted
|
Fully Paid Ordinary Shares on issue
|
532,090,781
|
292,679,548
|
Unlisted options exercisable at $0.07 (7.0 cents) per option expiring on 30 June 2019
|
57,199,825
|
-
|
Unlisted options exercisable at $0.07 (7.0 cents)
per option expiring on 30 June 2019 upon achieving sales targets
|
4,000,000
|
-
|
Unlisted Employee and Director Options (various exercise prices).
|
51,700,000
|
-
|
Unlisted Options exercisable at $0.036 (3.6 cents) expiring 31 December 2017
|
5,833,286
|
-
|
For further information, please contact:
Ian Duffell - Executive Director of IOT Group on 0488 024 000 Websitewww.theiotgroup.com
Appendix 4C Quarterly report for entities
admitted on the basis of commitments
Appendix 4C
Quarterly report for entities admitted
on the basis of commitments
Introduced 31/03/00, Amended 30/09/01, 24/10/05, 17/12/10
Rule 4.7B
Name of entity
|
IOT Group Limited
|
ABN
|
Quarter ended ("current quarter")
|
66 140 475 921
|
30 June 2016
|
Consolidated statement of cash flows
Cash flows related to operating activities
|
Current quarter
$A'000
|
Year to date (6 months)
$A'000
|
1.1
|
Receipts from customers
|
71
|
353
|
1.2
|
Payments for (a) staff costs
-
advertising and marketing
-
research and development
-
Corporate and administration
-
other working capital
-
cost of goods sold
|
(514)
(334)
(293)
(1,125)
(136)
(433)
|
(732)
(388)
(838)
(1,589)
(238)
(586)
|
1.3
|
Dividends received
|
-
|
-
|
1.4
|
Interest and other items of a similar nature received
|
12
|
32
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
1.6
|
Income taxes paid
|
-
|
-
|
1.7
|
Other
-
net GST paid
-
refund of rental bond
-
unearned revenue
|
25
13
48
|
(45)
13
48
|
Net operating cash flows
|
(2,666)
|
(3,970)
|
IOT Group Limited Appendix 4C Page 4