Kingtone Wirelessinfo Solutions Hldg Ltd (KONE) Shares Soar After 2015 Results Are Released

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Shares of Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) are up huge this morning, after the company released their 2015 financial results and 2016 revenue and net income guidance. The company reported revenues of $8.8 million for Fiscal Year 2015, which is an increase of 42.6% over the previous year. Gross Profit came in at $3.2 million, a 63% increase year-over-year. The company also reported Basic and Diluted Earnings Per Share of $0.73, compared to the previous year which saw shares break even.

As for 2016, Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) foresees revenues coming in at between $7 million and $10 million, while they expect net income to be between $0 and $0.8 million

Additionally, Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) has announced that they held a conference call at 7:00 AM this morning. A replay will be accessible until 11:59 AM ET on Friday by calling 877-660-6853. The stock is up 36.48% or $1.11 following the news, hitting $4.16 per share. About 19,667 shares traded hands or up 116.98% from the average. kone has declined 42.86% since June 15, 2015 and is currently downtrending. It has underperformed the S&P500 by 33.99%.

Kingtone Wirelessinfo Solution Holding Ltd is a China holding firm which conducts its activities through Xi’an Kingtone Information Technology Co., Ltd. The company has a market cap of $5.85 million. The Firm is a developer and well-known provider of mobile enterprise solutions. It has 1.76 P/E ratio. Mobile enterprise solutions allow firm personnel whose work function requires mobility to be connected with enterprise information technology , including Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM).The Company’s software enables such systems to get extended to personnel in the field using wireless devices, such as smart phones, PDAs, cameras, barcode scanners, portable printers, GPS devices, and tablet computers.

#focuskw=’Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE)’##metadesc=’Shares of Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) are up huge this morning, after the company released their 2015 financial results and 2016 revenue and net income guidance. The company reported revenues of $8.8 million for Fiscal Year 2015, which is an increase of 42.6% over the previous year. Gross Profit came in at $3.2 million, a 63% increase year-over-year. The company also reported Basic and Diluted Earnings Per Share of $0.73, compared to the previous year which saw shares break even.

As for 2016, Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) foresees revenues coming in at between $7 million and $10 million, while they expect net income to be between $0 and $0.8 million

Additionally, Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) has announced that they held a conference call at 7:00 AM this morning. A replay will be accessible until 11:59 AM ET on Friday by calling 877-660-6853. ‘##metarobot=’index’##newskw=’Sony Corp (ADR) news,Sony Corp (ADR) – (NYSE:SNE),NYSE:SNE Analyst rating analysis,Stock Analysis,Outlook and potential,SNE Price change and trend,SNE stock update’##sitemap=’include’##skipsocial##stockticker=’NASDAQ:KONE’#

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