SITO Mobile, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 13, 2018
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SITO Mobile, Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported Total revenue was $11,144,652 against $6,552,748 a year ago. Loss from operations was $5,947,615 against $2,811,442 a year ago. Net loss before income taxes was $5,216,346 against $3,110,843 a year ago. Net loss from continuing operations was $5,247,731 against $3,110,843 a year ago. Net loss was $5,247,731 against $3,059,467 a year ago. Basic net loss per share from continuing operations was $0.22 against $0.15 a year ago. Basic net loss per share was $0.22 against $0.15 a year ago. Adjusted LBITDA was $3,253,959 against $1,106,025 a year ago. LBITDA was $4,827,009 against $2,344,980 a year ago. The revenue company is reporting is 70% higher than the comparable period last year and higher than the guidance provided during its last earnings release. The growth in revenue from this customer reflects the value-add that SITO provides, and the company hope to continue growing this relationship as well as adding other significant accounts to offset its exposure to a single customer.
SITO Mobile, Ltd. develops customized, data-driven solutions for brands spanning strategic insights and media. The Company's platform reveals an understanding of customer interests, actions and experiences providing clarity for clients when it comes to navigating business decisions. Using in-store targeting, proximity targeting, geo-conquesting and attribution data, the platform creates audience profiles to develop measurable targeted campaigns for brands. Its real-time, location-based technology gives clients the advantage of understanding the future of retail and consumer behavior. Its solutions include research, which provides data-driven problem solving; execution, which provides personalized, location-based advertising; measurement, which offers closed-loop attribution solutions; and insights, which provides decision-making solutions for businesses.