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Artivision FY17 loss doubles to $16 mil on higher expenses

Michelle Zhu
Michelle Zhu5/26/2017 07:45 AM GMT+08  • 2 min read
Artivision FY17 loss doubles to $16 mil on higher expenses
SINGAPORE (May 26): Artivision Technologies' FY17 net loss doubled to $15.9 million, or 1.2 cents per share, from a year ago on higher expenses.
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SINGAPORE (May 26): Artivision Technologies' FY17 net loss doubled to $15.9 million, or 1.2 cents per share, from a year ago on higher expenses.

For 4Q17, net loss tripled to $8.7 million from $2.8 million.

Revenue for the full year nearly doubled to $21.75 million from $11.35 million in FY16, driven mainly by the group’s media solutions subsidiary, Artimedia Technologies, which generated revenue of $14.54 million in FY17 as compared to $3.66 million in FY16.

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