GINSMS Inc. Provides Earnings Guidance for the First Quarter, Second Quarter, Third Quarter and Fourth Quarter of 2019; Reports Loss on Written-Off of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2018
February 13, 2019 at 05:00 pm EST
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GINSMS Inc. provided earnings guidance for the first quarter, second quarter, third quarter and fourth quarter of 2019. For the first quarter ending March 2019, the company expects revenues of $993,436, operating loss of $35,001 and net loss for the period of $171,421.
For the second quarter ending June 2019, the company expects revenues of $1,001,593, operating loss of $130,235 and net loss for the period of $270,425.
For the third quarter ending September 2019, the company expects revenues of $1,009,853, operating loss of $34,430 and net loss for the period of $178,504.
For the fourth quarter ending December 2019, the company expects revenues of $1,018,216, operating loss of $34,288 and net loss for the period of $182,364.
For the fourth quarter ended December 31, 2018, the company reported loss on written-off of property, plant and equipment of $4,098 compared to $52,667 a year ago.
GINSMS Inc. is a mobile technology and services company, which is focused on two areas, namely its application-to-peer (A2P) messaging service and its software products and services. The Company operates through two segments: Messaging Business, and Software Products and Services. It operates a cloud based A2P messaging service that allows the termination of short message service (SMS) to mobile subscribers of more than 200 mobile operators globally. The Company also develops and distribute software products and services for mobile operators and enterprises. The Company, through its subsidiary, GIN International Limited, is involved in the provision of inter-operator short message services. The Company operates its Software Products and Services business, through its subsidiary, Inphosoft Group Pte Ltd (Inphosoft). It also provides outsourcing of technical resources to customers for software development. The Company is a subsidiary of Xinhua Mobile Limited.
GINSMS Inc. Provides Earnings Guidance for the First Quarter, Second Quarter, Third Quarter and Fourth Quarter of 2019; Reports Loss on Written-Off of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2018