Signature Devices, Inc. (otc pink:SDVI) today announced projected revenue for Q4 2017 for all of its subsidiaries including Graffiti Entertainment and Innovo Technologies closely matching revenue for Q3 of around $50k plus. The projected revenue is subject to change based on final financial accounting.
The company is also projecting a net income for Q4 even after the costs for CEDIA and production are included. The actual revenue numbers will be finalized and filed on OTCmarkets.com on or prior to February 15th, 2018.
Innovo technologies revenues were driven primarily by the sales of the Morpheus One and the Micro from it's international dealers and limited production cycles in Q2 and Q3 by the financing available to the company prior to it's recent announcement with Tribe Bridge Ventures.
The company expects to use the financing provided by it's stragetic partner TBV to ramp up production to meet the growing demand from new U.S. dealers developed through it's presence at CEDIA 2017. Further, the Reg A+ financing vehicle will enable the company to ramp up software production of it's Internet of Things platform as well as its initial entry into the monetization of crypto-currency in 2018.
Mr. Inas Azzam will provide a full recap and update on future of the company, product roadmap and plans for 2018 in a letter to the shareholders next week via a press release.
You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice
About Innovo
Based in Irvine, California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear's AI Software, Truck IT's beacon platform with Knoton's hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices. Learn more by visiting: http://innovotech.io/about/
About Signature Devices, Inc.
Based in Irvine, California, Signature Devices, Inc. (www.signaturedevices.com) (otc pink:SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Signature Devices, Inc. Investors Relations
Email: ir@signaturedevices.com
Phone: 866 637 1933 ext 106
http://www.signaturedevices.com