March 23 (Reuters) - Syntonic Ltd SYT.AX :
* UNFORESEEN AND SUDDEN BUSINESS IMPACT WILL DELAY SYNTONIC'S ABILITY TO ACHIEVE ITS TARGET OF CASH FLOW POSITIVE OPERATIONS BY END OF FY2020
* UPDATES ON IMPACT OF CORONAVIRUS DISEASE ON SYNTONIC BUSINESS
* COMPANY DOES NOT ANTICIPATE ANY SHORT-TERM MATERIAL IMPACT ON BUSINESS OPERATIONS RESULTING FROM COMPANY DIRECTIVES
* SEES MATERIAL IMPACT ON FY20 REVENUE GENERATED FROM SALES AND RENEWALS OF FOX SPORTS GOL SERVICE
* REVENUE REDUCTION WILL ALSO IMPACT COMPANY'S ABILITY TO ACHIEVE ITS TARGET OF CASH FLOW POSITIVE OPERATIONS BY END OF FY2020
* SEES OVERALL DECLINE IN CONSUMER SPENDING AS COVID-19 EXPANDS INTO SYNTONIC'S PRINCIPLE MARKETS WHICH MAY REDUCE CO'S REVENUE IN UPCOMING QUARTER