Seesmart's last earnings reported via pr.
Seesmart Holdings Reports Revenue Results
Company reports significant revenue growth and business expansion
August 24, 2011 09:08 AM Eastern Daylight Time
SIMI VALLEY, Calif.--(EON: Enhanced Online News)--Seesmart Holdings, Inc. (Frankfurt: APF.F), a leading provider of LED lighting technology, today announced the release of its revenue performance for fiscal 2009, 2010 and the first half of 2011. The Company’s unaudited revenue results, in U.S. dollars, were $3.6 million for 2009, $5.9 million for 2010, and $4.0 million for the first half of 2011.
“We are very pleased to report our topline revenue performance. Our business is growing at a very strong rate due to the quality of our products, the breadth of our distribution network and the adoption of LED technology”
.From 2009 to 2010, Seesmart’s total revenue grew more than 64%. In the first half of 2011, ended June 30, 2011, the Company achieved 68% of the revenue generated for the full year 2010. The Company attributes its rapid growth to the expansion of its distributor and dealer network and the growing adoption of LED lighting by commercial, industrial, and government customers.
“We are very pleased to report our topline revenue performance. Our business is growing at a very strong rate due to the quality of our products, the breadth of our distribution network and the adoption of LED technology,” said Ken Ames, Chief Executive Officer of Seesmart Holdings. “Our performance is a true testament to the quality of the Seesmart product line. With over 325 products for commercial, industrial, government, and consumer markets, we believe Seesmart has one of the largest product offerings in the market today. Additionally, we have put significant effort into building our internal sales force and our distribution network, providing our customers access to highly trained resources to assist in the evaluation, design and implementation of LED technology. We believe the investments we are making will result in continued significant growth and the generation of meaningful shareholder value.”
The Company intends to release additional financial information prior to the end of its third fiscal quarter ending September 30, 2011.
About Seesmart
Seesmart, Inc. is a division of Seesmart Holdings, Inc. Seesmart, Inc. is a complete LED lighting solutions company with decades of experience in research and development, manufacturing and distribution. Seesmart offers a broad product line to meet most commercial or residential needs and delivers a rapid ROI, high-quality products backed by up to a five-year warranty, immediate energy savings and true retrofit solutions. For more information, please visit www.seesmartled.com.
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