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Connected IO closes out tax year with highest quarterly cash receipts in its history
Connected IO (ASX: CIO) has furnished its shareholders with positive news to close out the tax year after reporting the highest quarterly cash receipts in its relatively short history. Founded in 2014 as an engineering contractor to Verizon Wireless, Connected IO designs and manufactures rugged, industrial routers and modems for machine-to-machine (M2M) and Internet of […]
Connected IO adds to first-half revenue as presence grows in US automotive IoT market
Device manufacturer Connected IO (ASX: CIO) has grown its presence in the US automotive Internet of Things (IoT) market, having generated over $794,000 in revenue for the first five months of calendar year 2019. It represents a 23% increase over total 2018 revenues and reflects the company’s focus on catering to the needs of customers […]
Connected IO on track to achieve fourth consecutive quarter of growth
US-based Connected IO (ASX: CIO) is on target to achieve its fourth consecutive quarter of growth, with the company expecting more than $1 million in cash receipts for the three months ending June. By the end of May, Connected IO had received $501,000 in cash for the June quarter, with shipped and invoiced products amounting […]
Connected IO reports revenue boosting quarter, slashes overheads by 40%
Connected IO (ASX: CIO) pleased its shareholders this morning with news that it generated over $660,000 in combined cash receipts and accrued revenues so far this quarter. The device manufacturer said its strong rate of commercial activity is made up of cash receipts totalling $410,000, generated through purchase orders received in previous quarters, as well […]
IoT devices flying off the shelf for Connected IO
Device manufacturer Connected IO (ASX: CIO) is scaling up its revenue footprint courtesy of one of its largest clients. Following a letter of intent signed with an unnamed “US cyber security company” in February this year, Connected IO has announced that it has received an additional purchase order for 1,000 units of its new ER2800-UNA-C4 […]
Commercially astute Connected IO reels in Australian and US deals
Silicon Valley-based IoT company Connected IO (ASX: CIO) has secured a potentially lucrative deal with a “major United States telecommunications company” but has remained tight-lipped about revealing its name for privacy reasons, saying that its disclosure is considered to be “commercially sensitive at this time.” The only bit of information helping investors guess the name […]
Connected IO signs revenue-boosting deal with cyber security company
Wireless technology company Connected IO (ASX: CIO) has announced it will collaborate with a US-based cyber-security company to help it develop a production line of co-branded Category 1 routers over the next 3 years. The signed Letter of Intent (LOI) specifies an initial trial period commencing immediately with custom-built prototypes being supplied to the cybersecurity […]
Revenue rockets 364% for Connected IO, greater growth expected in 2018
Connected IO (ASX: CIO) has advised its annual revenue for the 2017 calendar has sky-rocketed 364% on 2016 levels, with even more growth anticipated for 2018 due to the amount of purchase orders currently received and a pipeline of anticipated contracts. Revenue for 2017 was A$2.44 million and this is anticipated surge even further during […]
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