Revenue Update on Sito Mobile Ltd(OTCBB:SITO)

Sito Mobile Ltd(OTCBB:SITO) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $7.455M. Analysts estimated a revenue of $8.950M. The revenues were -16.7% below the estimates. Earnings per share were $-0.07. The reported EPS was below estimates by -800%. Analysts had estimated an EPS of $0.01.

Sito Mobile Ltd (SITO) remained unchanged at the close of Friday session. Even as the volume increased to 27,664 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.31. The trading session commenced at $2.36 and the stock hit a high of $2.36 and touched $2.25 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $6.08 and the 52-week low is $1.71. The company has a market cap of $48 M and has approximately 2,06,81,047 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Karen Singer (10% owner) purchased 28,318 shares at $1.88 per share price.Also, On Oct 17, 2016, Rory O’connell (director) purchased 13,333 shares at $3.75 per share price.On Oct 17, 2016, Gerard Francis Hug, (CEO) purchased 11,666 shares at $3.75 per share price, according to the Form-4 filing with the securities and exchange commission.

SITO Mobile Ltd. is a technology-based mobile solutions provider serving businesses advertisers and brands. The Company offerings include SITO location-based advertising and SITO mobile messaging. It offers FollowMe which is a location-based mobile application advertisers targeting service. FollowMe provides a product to deliver location-based mobile advertisements directly to consumers’ smartphones for retailers and advertisers. Its SITO location-based advertising platform delivers display advertisements and videos on behalf of advertisers including geo-fencing; Verified Walk-in; behavioral targeting and analytics and optimization. Its SITO mobile messaging includes a platform for building and controlling tailored programs including messaging and customer incentive programs. SITO mobile messaging platform creates a direct channel to customers; builds customer loyalty; drive consumer interaction to increase sale and offers Everywhere a campaign management platform.

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