Sirit RFID: Revenue Increasing

Sirit sees RFID revenue increasing and it is positioned to capitalize on future RFID market growth. ...

... "Radio Frequency Solutions (RFS) related revenue represents 27% or $1.4 million of total revenue, a 180% increase over prior year reported revenue of $0.5 million. Sirit remains one of the few companies with significant, real world RFID experience with over 330,000 RFID readers deployed around the world. As supply chain adoption hovers on the horizon, our solid and profitable AVI business becomes an important differentiator among our peers, noted Anastasia Chodarcewicz, Chief Financial Officer, Sirit Inc. With continued focus on top line growth and bottom line cost controls, we believe that we should achieve a cash flow neutral position by the end of next year. " ...

Via Sirit: Sirit Reports Financial Results for the Third Quarter ...