Silvair, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 25, 2022 at 11:16 am
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Silvair, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 0.26 million compared to USD 0.142 million a year ago. Net loss was USD 0.904 million compared to USD 1.23 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.09 a year ago.
Silvair Inc. operates in the field of technologies focusing on the Internet of Things (IoT). The Company has developed a technology for wireless communication of devices in mesh topology. It is commercializing its product in the global market in the form of software and services with particular focus on smart lighting systems. It also develops tools that allow the analysis and use of data generated by lighting infrastructure, including both operational data related to the current functioning of the installation (Connected Lighting), as well as data generated by sensors that are part of the lighting infrastructure (Building Intelligence). It offers advanced lighting control firmware for lighting components, including drivers, switches, sensors, and fixture controllers. It provides intuitive apps for standard-compliant Bluetooth mesh lighting networks. Its wireless lighting control technology is designed to provide commercial-grade reliability in professional lighting applications.
SILVAIR, INC. 
