Sito Mobile, Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
February 11, 2020 at 06:05 am EST
Share
SITO Mobile, Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 2.808 million compared to USD 9.056 million a year ago. Operating loss was USD 20.501 million compared to USD 5.160 million a year ago. Net loss was USD 21.820 million compared to USD 4.992 million a year ago. Basic loss per share was USD 0.85 compared to USD 0.2 a year ago. For the nine months, total revenue was USD 25.131 million compared to USD 28.630 million a year ago. Operating loss was USD 28.908 million compared to USD 17.175 million a year ago. Net loss was USD 30.272 million compared to USD 15.977 million a year ago. Basic loss per share was USD 1.18 compared to USD 0.65 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.
SITO MOBILE, LTD. 
