Revenue from ordinary activities increased considerably during the period to US$5,5526,000. This marks an 80% increase on the previous corresponding period (CY 2018: US$3,062,000).
Yimei was successful in obtaining Chinese software copyright registration for the Prizma smartphone app, and subsequently the Chinese version of the Prizma Android app was released to the Tencent App Stock, meaning the Prizma iOS app is ready for release on the China Apple store. Further, Yimei commenced designs for a medical smartwatch and software requirement analysis is also underway for blood pressure measurement. Yimei also showcased at a number of exhibits and events ahead of the launch of the Prizma device in the People’s Republic of China. These showcases coincided with a multi-faceted marketing approach purposefully designed for specific territories.
Risks
IMO - delays on approval due to Corona taking NMPA staffing for other activities.
GMV Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
