Kingtone (KONE) Stock | Surging Over 50%

Kingtone Wireless Info Solution Holding Ltd. (NASDAQ: KONE) 

Shares of KONE are rocketing higher in the pre market session by nearly 60% after the company announced the first six months of their fiscal year 2015 financial results. In addition, the also confirmed its formerly announced 2015 revenue and net income outlook and sees $12 to $15 in revenue.

Revenues in the First Six Months of FY2015 Up 132.9% to $8.5 Million from the First Six Months of FY2014
Gross Profits in the First Six Months of FY2015 Up 395.7% to $4.4 Million from the First Six Months of FY2014
Basic and Diluted Income Per Share of $1.87 in the First Six Months of FY2015 Up $2.36 from Loss Per Share of $0.49 in the First Six Months of FY2014

Kingtone’s Chief Executive Officer, Peng Zhang, noted:

“We are very pleased with our performance on business operation, which generated $2.6 million net income in the first six months ended March 31, 2015.” He concluded, ” Looking forward, we expect revenue of $12.0 million to $15.0 million, and net income of $0.5 million to $1.0 million for the fiscal year 2015. We are confident in accomplishing our goals at the end of fiscal year 2015.”

About KONE

Kingtone Wirelessinfo Solution Holding Ltd develops and provides mobile enterprise solutions in the Peoples Republic of China. Its mobile enterprise solutions allow company personnel whose work function requires mobility to be connected with enterprise information technology or IT systems, such as enterprise asset management, enterprise resource planning, supply chain management, and customer relationship management. The company develops and implements mobile enterprise solutions for customers in various sectors and industries to enhance efficiency by facilitating mission-specific field and long-distance information management in wireless environments.  Yahoo! Finance