Kingtone Wirelessinfo (KONE) Reports Q3 Loss of $0.11

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Kingtone Wirelessinfo Solution Holding Ltd Reports Fiscal Year 2016 Financial Results; Provides Fiscal Year 2017 Revenue and Net Income Guidance

January 18, 2017 5:30 AM EST

XI'AN, China, Jan 18, 2017 /PRNewswire-FirstCall/ -- Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq CM: KONE) ("Kingtone", or the "Company"), a China-based developer and provider of mobile enterprise solutions, today announced financial results for its fiscal year ended September 30, 2016. The financial statements and other financial information included in this press release are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Fiscal Year 2016 Financial Highlights

Revenues decreased by 86.5% to approximately $1.2 million from approximately $8.8 million in the prior year period. Gross profit... More