Trakopolis IoT Corp. Reports Earnings Results for the Quarter Ended March 31, 2018
Trakopolis IoT Corp. reported earnings results for the quarter ended March 31, 2018. For the quarter, the company reported revenue of $1.6 million, which represents 9% growth compared to the prior year period. Average revenue per unit of $25.30, representing 7% growth compared to the prior year period. Net loss of $1.3 million compared to $0.7 million in the prior period quarter, representing an increased loss of $0.59 million compared to the prior year period. The increase in net loss is primarily due to $0.4 million of R&D related rebates in the prior period. Excluding these rebates, the net loss represented a 17% increase in net loss compared to the prior period.