Interactive product and service developer Two Way Limited (ASX:TTV) has launched an interactive chat application for the Foxtel platform.
Two Way said it was paid an upfront fee for the development of the application, and receives ongoing license and support fees, as well as for the use of its telecom infrastructure.
The company said its operating cash flow for the fourth quarter had increased 44% sequentially to $212,000. Quarterly cash receipts totalled $486,000, better than the record set in the previous quarter.
Two Way ended the quarter with $743,000 worth of cash in hand.