Business
B-Scada Reports Solid Quarter, Despite Petrochemical Headwinds
B-Scada Reports Solid Quarter, Despite Petrochemical Headwinds.
About this update from B-scada Inc.
[{"type":"text","content":"CRYSTAL RIVER, FL--(Mar 9, 2016) -\nB-Scada, Inc. (OTCQB: MOBS) reports solid first quarter (“Current Quarter”) results\nfor fiscal 2015-2016. Our subsidiary in Spain was profitable for this quarter.\nWe now have recurring revenue in a true SaaS (Software as a Service) model with\nour cloud based monitoring solutions. Our wireless sensor product line has\npassed initial testing. Drags on the business continue to be the disappearance\nof revenue from the petrochemical sector, and the skyrocketing costs of being a\npublicly reporting company.\n\n\nRevenue for the current quarter is $404,182\ndown from the same period in the previous year of $496,144. Our Net Income\n(loss) for the quarter was ($35,730) an improvement from ($148,548) the year\nbefore.\n\nSpain was profitable for the current quarter,\nbusiness is brisk and we expect that Spain will continue to do well.\n\nSoftware revenue and related consulting for\nthe current quarter was $93,177 an increase over the previous year’s total of\n$90,731, petrochemical continues to be a drag. \n\nTechnology licensing has declined due to\nlosses in the petrochemical sector, revenue is down to $311,005 from $405,413\nin the same period last year. Some of our technology licensing agreements are\ndue to start expiring over the next couple of years and will produce some\nheadwinds for revenue growth. \n\nOur cloud based services are now generating\nrecurring revenue in a SaaS model. Deployments include cloud based monitoring\nof data centers, boilers and generators. The system is also being used for\nbuilding automation for monitoring temperature and water detection. Another\nproject that may come on line soon will be monitoring steam traps and man\nholes.\n\nOur line of wireless sensors was to move into\nmanufacturing, with a target completion date of March 31. Testing of the units\nand feedback from our system integrators indicated that the current range of\nthe units (100-400ft) may not be adequate for many applications. The\ncommunications of the units are now being reworked to more powerful chips which\nwill increase the range. These more powerful chips will result in the units\nrequiring FCC testing and certification. The shipping dates of the sensors is\nexpected to slip by 8-10 weeks. Our plans now are for a formal launch to be\ndone at the national Sensors Expo and Conference June ...