Silvair, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 30, 2021 at 05:24 pm
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Silvair, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 124,000 compared to USD 78,000 a year ago. Operating loss was USD 597,000 compared to USD 485,000 a year ago. Net loss was USD 358,000 compared to USD 311,000 a year ago. For the half year, sales was USD 266,000 compared to USD 129,000 a year ago. Operating loss was USD 1.138 million compared to USD 1.193 million a year ago. Net loss was USD 1.584 million compared to USD 1.365 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. 
