Silvair, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 27, 2023 at 12:02 pm
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Silvair, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.479 million compared to USD 0.413 million a year ago. Net loss was USD 0.307 million compared to USD 1.66 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.02.
For the nine months, sales was USD 1.55 million compared to USD 0.928 million a year ago. Net loss was USD 0.817 million compared to USD 3.51 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.22 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. 
