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.