SMedio, Inc. Announces Consolidated Earnings Results for the Third Quarter Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017
November 10, 2017 at 01:00 am
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sMedio, Inc. announced consolidated earnings results for the third quarter ended September 30, 2017. For the quarter, the company reported net sales of JPY 837 million compared to JPY 1,036 million a year ago. Operating income was JPY 1 million compared to JPY 230 million a year ago. Ordinary income was JPY 1 million compared to JPY 57 million a year ago. Loss attributable to owners of parent was JPY 34 million compared with profit of JPY 24 million a year ago. Basic loss per share was JPY 17.11 compared to earnings per share of JPY 12.93 a year ago.
The company provided earnings guidance for the year ending December 31, 2017. For the year, the company expects net sales of JPY 1,058 million. Operating loss of JPY 59 million. Ordinary loss of JPY 61 million. Loss attributable to owners of parent to be JPY 97 million. Basic loss per share to be JPY 48.56.
GreenBee Inc, formerly sMedio Inc, is a Japan-based company mainly engaged in software-related business. The Software business segment is engaged in personal computer/digital home appliance integration, artificial intelligence (AI) video analysis, security & privacy software, and Internet of Things (IoT) solution businesses. The personal computer/digital home appliance integration business integrates video (4K/8K), audio playback, and browser display software into customer products. The AI video analysis business provides video analysis services using AI to customers in the construction industry. The security & privacy software business develops contracted software and produces data migration and backup applications for customers in the telecommunications industry. The IoT solution business combines sensors and gateway devices to provide services such as data management in the cloud.
SMedio, Inc. Announces Consolidated Earnings Results for the Third Quarter Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017