IIOT-OXYS, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
April 15, 2022 at 02:20 am IST
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IIOT-OXYS, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 0.01128 million compared to USD 0.036771 million a year ago. Net loss was USD 1.04 million compared to USD 2.24 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
IIOT-OXYS, Inc. is a technology company. The Company is engaged in industrial Internet of things (IIOT), artificial intelligence (AI) and machine learning, edge computing and manufacturing operations. It provides actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. It uses domain-specific AI to solve industrial and environmental challenges. The Company helps its customers maintain machine uptime and increase operational efficiency. Its engineered solutions focus on common sense approaches to machine learning, algorithm development and hardware and software products. The Company designs a system of hardware and software, assembles, installs, monitors data and applies its algorithms to help provide customer insight. It develops algorithms that help its customers create insights from data streams. The Company's wholly owned subsidiaries are OXYS Corporation and HereLab, Inc.