Silvair, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 21, 2021 at 04:08 pm
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Silvair, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 142,000 compared to USD 51,000 a year ago. Operating loss was USD 541,000 compared to USD 708,000 a year ago. Net loss was USD 1.226 million compared to USD 1.054 million a year ago.
Silvair Inc. operates in the field of technologies focusing on the Internet of Things (IoT). The Company has developed a technology for wireless communication of devices in mesh topology. It is commercializing its product in the global market in the form of software and services with particular focus on smart lighting systems. It also develops tools that allow the analysis and use of data generated by lighting infrastructure, including both operational data related to the current functioning of the installation (Connected Lighting), as well as data generated by sensors that are part of the lighting infrastructure (Building Intelligence). It offers advanced lighting control firmware for lighting components, including drivers, switches, sensors, and fixture controllers. It provides intuitive apps for standard-compliant Bluetooth mesh lighting networks. Its wireless lighting control technology is designed to provide commercial-grade reliability in professional lighting applications.
SILVAIR, INC. 
