Kingtone Wirelessinfo ups revenues 696%

Kingtone Wirelessinfo Solution Holding Ltd (NASDAQ: KONE) reported for fiscal year 2013 revenues increased by 696.8% to approximately USD11.6m from approximately USD1.5m in the prior year period.

Gross profit increased by 527.7% to approximately USD1m gross profit from approximately USD0.2m loss in the prior year period.

Gross margin increased to 8.8% from minus 16.4% in the prior year period. Net loss of approximately USD5.1m as compared to net loss of approximately USD9.0m in the prior year period.

Basic and diluted loss per share were USD3.65 as compared to loss per share of USD6.40 in the prior year period with weighted average shares outstanding of 1,405,000 in both periods.

Kingtone Wirelessinfo Solution Holding is a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. For more information, visit Kingtone´s website at http:www.kingtoneinfo.com.

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