IIOT-OXYS, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year Ended December 31, 2022 , First Quarter and Full Year of 2023
January 30, 2023 at 08:30 am EST
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IIOT-OXYS, Inc. provided revenue guidance for the fourth quarter and full year ended December 31, 2022, first quarter and full year of 2023. As predicted, the fourth quarter revenue exceeded that in the third quarter.
Overall, 2022 annual revenue exceeded that of 2020 and 2021 combined.
This first quarter of 2023 is already on track to exceed the fourth quarter revenue in 2022.
Overall, The company expects 2023 revenue to exceed that in 2022.
IIOT-OXYS, Inc. is a technology company. The Company is engaged in industrial Internet of things (IIOT), artificial intelligence (AI) and machine learning, edge computing and manufacturing operations. It provides actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. It uses domain-specific AI to solve industrial and environmental challenges. The Company helps its customers maintain machine uptime and increase operational efficiency. Its engineered solutions focus on common sense approaches to machine learning, algorithm development and hardware and software products. The Company designs a system of hardware and software, assembles, installs, monitors data and applies its algorithms to help provide customer insight. It develops algorithms that help its customers create insights from data streams. The Company's wholly owned subsidiaries are OXYS Corporation and HereLab, Inc.