Silvair, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 30, 2019 at 10:39 am
Share
Silvair, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was USD 21,000 compared to USD 37,000 a year ago. Operating loss was USD 3.103 million compared to USD 2.064 million a year ago. Net loss was USD 2.759 million compared to USD 3.003 million a year ago. Diluted loss per share was USD 0.26 compared to USD 0.28 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. 
