07/06/2018 - 05:39

Connected IO poised for growth in cash receipts

07/06/2018 - 05:39

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Tech play Connected IO took in cash receipts and invoiced products this quarter to the value of $660,000 with another $650,000 in purchase orders on the books yet to be invoiced. Bottom line performance is also expected to improve with reduced U.S. overheads and renegotiated manufacturing costs expected to boost gross margins from 30% to 50% on some products.

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