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FY 2019 Financial & Operational Milestones:
Record full-year 2019 Cybersecurity and IoT total group revenue of $22.7 million and a net income of $7.5 million.
- Recorded a net income of $7.5 million US GAAP as compared to losses of $16.3 million US GAAP in FY 2018, following the sale of QuoVadis for $45.0 million.
- Repaid, in full, the ExWorks Line of Credit ($25.3 million) leaving the company with a positive net cash position and cash and restricted cash balances of $16.6 million, an increase of $5.5 million year on year.
Net income before minority interests
Cash & restricted cash at 12/31/2019
Spent in R&D efforts