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ID Systems Inc. Message Board

  • mjw59801 mjw59801 Jan 31, 2013 4:25 PM Flag

    Skybitz Q1 revenues (period ending 12-31-2012)


    Skybitz revenues for the quarter ending 12-31-2012 were $9.2 million, a sequential increase of 16.5% compared to last quarter and a sequential increase of 5.7% compared to two quarters ago.

    In comparison:
    Skybitz revenues for the quarter ending 09-30-2012 were $7.9 million.
    Skybitz revenues for the quarter ending 06-30-2012 were $8.7 million.

    Skybitz competes with IDSY's AI segment.

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    • here are the #'s for qtr ending 3/31/2012
      In the Asset Tracking segment, the Company recognized two months of revenue from the SkyBitz acquisition (closed February 1, 2012). SkyBitz revenue was $5.9 million, including product revenue of $3.0 million and recurring service revenue of $2.9 million.

      11 month revenue was $31.7M (on an annualized basis = $34.6M)

      they bought Skybitz and touted it as a company with TTM revenue of $35M. Skybitz had ZERO growth in 2012

    • and yet it seems every qtr with AI we get the same results with almost ZERO growth. WalMart just re-signed for 2 years with NO increase after doing the same 2 years ago. WalMart makes up 30% of AI revenue. No wonder Miller was fired.

      Based on Skybitz revenue last qtr, we lost a significant amount of market share.

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