CRYSTAL RIVER, FL / ACCESSWIRE / June 16, 2016 / B-Scada, Inc. (OTCQB: SCDA) reports our second quarter ("Current Quarter") results for fiscal 2015-2016. Revenue for the six months ending April 30 was $784,540 compared to $1,000,194 in the same period in fiscal 2015 which was stronger than anticipated. Commercial Software sales increased by 59.2% for the same period to $280,037 and operating expenses were reduced 31.8%. Our Spanish operations were profitable for the Current Quarter. Overall operating loss for the Current Quarter was $28,956 compared to a loss of $69,852 for the same period last fiscal year.
Revenue was stronger than anticipated for the Current Quarter, the steep revenue decline seen over the past few quarters as a result of the struggling petrochemical sector is now behind us and being replaced by new revenue from solution bundling offered by our hardware partners, revenue growth from our Spanish operations and new sales materializing with our cloud based SAAS (Software as a Service) offerings. The hardware/software bundles sold by our partner include wireless sensor nodes sold with B-Scada monitoring technology. Interest in Status Device Cloud, our SAAS based sensor monitoring platform is increasing and will be our revenue focus over the upcoming year.
The next few quarters for B-Scada will be very exciting. We will be launching our own line of wireless sensors at the Sensors Expo and Conference June 21, 2016 in San Jose, CA. These sensors will be sold preconfigured to B-Scada's Status Device Cloud providing customers with an easy to install turnkey wireless monitoring solution, and providing B-Scada with long term recurring SaaS model revenue. B-Scada will soon be offering hardware products from our partners preconfigured to Status Device Cloud as well. On premise solutions will also be available.
"The greatest challenge in deploying an IoT or Smart City style solution with wireless sensors is the hardware and software integration," say B-Scada CEO Ron DeSerranno. "B-Scada's product offerings will be unique in the industry whereby the wireless technology sold will be integrated into a cloud based monitoring solution before it leaves our facility." Offering wireless solutions preconfigured to a monitoring and analytics platform greatly reduces the time, complexity and cost of deploying a wireless sensor network.
B-Scada has invested the past year in new products, technologies and infrastructure. These products and services will be unveiled with great pride over the next few months and provide a great opportunity for the company to grow and prosper. We are very bullish on upcoming quarters and believe the foundation we have put in place will set the stage for long term growth and profitability for the company.
B-SCADA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
[UNAUDITED]
About B-Scada, Inc.
B-Scada provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition), IoT (Internet of Things) and smart city domains. B-Scada systems are sold worldwide in various verticals including: building automation, transportation, smart grid, manufacturing, agriculture and commerce. B-Scada solutions are deployed onsite and as cloud-hosted solutions in a SaaS (Software as a Service) model.
CONTACT:
corporatecommunications@b-scada.com
SOURCE: B-Scada, Inc.
ReleaseID: 441262
