Kingtone Wirelessinfo Annual Loss Narrows - Quick Facts

(RTTNews) - Kingtone Wirelessinfo Solution Holding Ltd. (KONE), a China-based developer and provider of mobile enterprise solutions, Wednesday reported full year net loss of $1 thousand or $0 per share as compared to net loss of around $5.1 million or $3.65 per share in the prior year period.

Revenues decreased 46.5 percent to $6.2 million from $11.6 million in the prior year period.

Peng Zhang, CEO, said, "We are pleased with our cost-control process leading our significantly increased profit during the last fiscal year. Looking forward to Fiscal Year 2015, we expect revenue of $12.0 million to $15.0 million; net income of $0.5 million to $1.0 million. We are confident in accomplishing our goals in the next year."