NEW YORK (TheStreet) -- Kingtone Wirelessinfo Soultions skyrocketed more than 200% on Friday after the company said revenue for its fiscal year ended in September jumped nearly 700%.The company said revenue increased 696.8% to about $11.6 million from about $1.5 a year earlier. Gross profit increased by 527.7% to about $1 million; it recorded a loss of about $200,000 in fiscal 2012.
Why Kingtone Wirelessinfo Solutions (kone) Is Skyrocketing Today
twocents@thestreet.com (Andrew Meola), The Street
Fri, 01/17/2014 - 11:42am
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