Novatti Group Limited announced unaudited sales results for the year ended June 30, 2016. For the period, the company reported total revenue of $4.9 million, up 58% compared with $3.1 million for fiscal year 2015 and continues to show solid growth trajectory of Novatti's various revenue streams. Importantly, transaction processing revenue - revenue derived from Novatti collecting a percentage of the total transaction that is processed on any of its payment platforms – has been steadily increasing over the quarter.

The company's cash burn expected to fall significantly from second quarter of fiscal 2017 following significant milestones in its expansion strategy being achieved.