I-ON Communications Announces Fiscal Year Results
Post# of 67
(Total Views: 411)
Posted On: 05/07/2018 11:21:01 PM
I-ON Communications Announces Fiscal Year Results and Discusses Business Outlook
2017 Full Year Highlights
Total revenue came in at $9.2 million versus $9.2 million in 2016 and was composed predominantly of royalty, licensing and customized solutions and services. Major customers in 2017 included Korean Broadcasting System, Hyundai AutoEver, JoongAng Ilbo, Samsung, and the KPGA among many others. I-ON's top ten customer contribution approximated 52% of total revenue, consistent with recent trends. Gross income was $3.0 million versus $4.5 million in 2016 due partially to a shift in revenue mix and timing of new product launches, while operating expenses declined to $2.4 million from $3.5 million owing to less R&D to pivot more towards direct sales, marketing of newly launched products, and international expansion efforts. Operating income, as a result, came in at $586,679 versus $1.0 million in 2016 and comprehensive income was $766,803, in line with the prior year.
https://investorsnewsmagazine.blogspot.com/20...iscal.html
2017 Full Year Highlights
Total revenue came in at $9.2 million versus $9.2 million in 2016 and was composed predominantly of royalty, licensing and customized solutions and services. Major customers in 2017 included Korean Broadcasting System, Hyundai AutoEver, JoongAng Ilbo, Samsung, and the KPGA among many others. I-ON's top ten customer contribution approximated 52% of total revenue, consistent with recent trends. Gross income was $3.0 million versus $4.5 million in 2016 due partially to a shift in revenue mix and timing of new product launches, while operating expenses declined to $2.4 million from $3.5 million owing to less R&D to pivot more towards direct sales, marketing of newly launched products, and international expansion efforts. Operating income, as a result, came in at $586,679 versus $1.0 million in 2016 and comprehensive income was $766,803, in line with the prior year.
https://investorsnewsmagazine.blogspot.com/20...iscal.html
(1)
(0)I-ON Communications Corp. (IONI) Stock Research Links
Scroll down for more posts ▼