SITO Mobile, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Revenue Guidance for the Second Quarter of 2017
May 03, 2017 at 04:01 pm EDT
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SITO Mobile, Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue was $6.645 million against $4.997 million a year ago. Loss from operations was $2.719 million against $1.400 million a year ago. Net loss before income taxes was $3.11 million against $1.840 million a year ago. Net loss from continuing operations was $3.11 million against $1.840 million a year ago. Net loss was $3.059 million against $1.171 million a year ago. Basic net loss per share from continuing operations was $0.15 against $0.11 a year ago. Basic net loss per share was $0.15 against $0.07 a year ago. Non-GAAP loss was $1.106 million against $0.740 million a year ago. Basic non-GAAP earnings per share was $0.05 against $0.04 a year ago.
For the second quarter of 2017, revenue expected to be in the range of $10-$13 million.
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.
SITO Mobile, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Revenue Guidance for the Second Quarter of 2017