Sito Mobile, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 15, 2019 at 04:56 pm
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SITO Mobile, Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced total revenue was USD 8.430 million compared to USD 11.144 million a year ago. Operating loss was USD 4.730 million compared to USD 5.948 million a year ago. Net loss was USD 5.049 million compared to USD 5.248 million a year ago. Basic loss per share was USD 0.2 compared to USD 0.22 a year ago.
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.