SpotLite360 IOT Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 28, 2022
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SpotLite360 IOT Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 4.2 million compared to CAD 0.005635 million a year ago. Net loss was CAD 1.67 million compared to CAD 0.867293 million a year ago.
For the nine months, sales was CAD 13.9 million compared to CAD 0.005635 million a year ago. Net loss was CAD 3.04 million compared to CAD 2.92 million a year ago.
SpotLite360 IOT Solutions, Inc. is a Canada-based company, which is focused on providing a software-as-a-service based asset management and a supply chain execution platform, which leverages blockchain and a broad array of Internet of things technologies. The Company operates within two geographic areas, Canada and United States. Its solutions are built on Keychain, which is a cloud-based platform that captures real time data from Internet of things (IoT), sensors, radio-frequency identification (RFID) and mobile devices and enables reporting, analytics and collaboration through a Web or mobile interface. Keychain combines hardware, software and consulting to insure you achieve maximum ROI from investment. Its products include SpotLite360 Collect, SpotLite360 Control Tower SpotLite360 Verify, SpotLite360 ESG and SpotLite360 Connect. SpotLite360 Collect real-time data from supply chain operations. SpotLite360 Control Tower is a central enterprise asset management platform.