NEW YORK, July 15, 2015 /PRNewswire/ --
ACI Association today initiated research coverage on Kingtone Wirelessinfo Solution Holding Ltd (NASDAQ: KONE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL:
Highlights from our KONE Report include:
- Recent Earnings Release -- On July 13, 2015, Kingtone Wirelessinfo Solution Holding Ltd (Kingstone) reported its financial results for the six months ended March 31, 2015. The China-based developer and provider of mobile enterprise solutions posted a gain of 132.9% YoY in revenues for the first six months of FY 2015, to $8.5 million. The Company's gross profits also jumped up 395.7% YoY in the first six months of FY 2015, to $4.4 million. Kingstone further highlighted that its net income increased to $2.6 million, basic and diluted income per share of $1.87, in the first six months of FY 2015, from a net loss of $0.7 million, or loss per share of $0.49, for the six months of FY 2014.
- Segments and Projects that Performed -- Kingstone also informed that revenues from wireless system solutions increased by 143.7% YoY to $8.4 million in the first six months ended March 31, 2015, as compared to $3.5 million in the first six months ended March 31, 2014.
- What the Senior Management say on the Outlook -- Commenting on the Company's results, Mr. Peng Zhang, CEO of the Company, stated, "We are very pleased with our performance on business operation, which generated $2.6 million net income in the first six months ended March 31, 2015."
- A Look on Costs and Expenses -- Kingstone also highlighted that research and development expenses were approximately $0.17 million in H2 2015, an increase of 191.5% YoY from $0.06 million in H2 2014. Considering the cost of sales factor, the Company reported that its cost of sales for software solutions decreased by 87.0% YoY to approximately $0.02 million for H2 2015, while cost of sales for wireless system solutions increased by 56.6% YoY to approximately $4.1 million for H2 2015.
To find out how this influences our rating on Kingtone Wirelessinfo Solution Holding Ltd, read the full report in its entirety here: http://www.aciassociation.com/?c=KONE
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