SITO Mobile (SITO) Misses Q2 EPS by 8c, Revenues Miss

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SITO Mobile Reports Second Quarter 2018 Results

August 20, 2018 4:22 PM EDT

JERSEY CITY, N.J., Aug. 20, 2018 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ: SITO), an insights-driven Consumer Behavior and Location Sciences company, announced today its financial results for the three and six months ended June 30, 2018.        

Second Quarter Financial and Recent Business Highlights

Revenues for the three months ended June 30, 2018 of $8.4 million were in line with managements previously announced expectations for quarterly revenues in the range of $8 million to $9 millionGross profit for the second quarter of 2018 was $4.0 million, or 48% of total revenue, compared... More