SMedio, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019
August 07, 2019 at 11:00 am IST
Share
sMedio, Inc. reported consolidated earnings results for the second quarter ended June 2019. For the period, the company reported net sales of JPY 437 million against JPY 534 million a year ago. Operating loss was JPY 69 million against operating income of JPY 29 million a year ago. Loss attributable to owners of parent was JPY 70 million against profit of JPY 12 million a year ago. Loss per share was JPY 37.56 against earnings per share of JPY 6.42 a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2019. For the year ending December 31, 2019, the company expects net sales of JPY 1,063 million, operating loss of JPY 35 million and loss attributable to owners of parent of JPY 52 million or JPY 27.73 per share.
GreenBee Inc, formerly sMedio Inc, is a Japan-based company mainly engaged in software-related business. The Software business segment is engaged in personal computer/digital home appliance integration, artificial intelligence (AI) video analysis, security & privacy software, and Internet of Things (IoT) solution businesses. The personal computer/digital home appliance integration business integrates video (4K/8K), audio playback, and browser display software into customer products. The AI video analysis business provides video analysis services using AI to customers in the construction industry. The security & privacy software business develops contracted software and produces data migration and backup applications for customers in the telecommunications industry. The IoT solution business combines sensors and gateway devices to provide services such as data management in the cloud.
SMedio, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019