NOT FOR DISTRIBUTION IN THE UNITED STATES
Revenue for the three months ended
September 30, 2019 represented a
year-on-year increase of 175% versus Q3 2018
Revenue for the nine months ended September 30, 2019 represented a year-on-year
increase of 310% versus same period 2018
TORONTO, Nov. 27, 2019 /CNW/ -- SAIS Limited
("SAIS", or the "Company") (TSXv: SAIS), a provider
of advanced technology solutions, business intelligence and
supporting services announced today its third quarter financial
year results for the period ended September
30, 2019.
For the three months ended September 30,
2019, total revenue was US$88,000 – an increase of US$56,000 or 175% compared to US$32,000 for the same quarter the previous year,
specific to revenues attributed to its technology business, Kaddra.
The nine months ended September 30,
2019, total revenue was US$279,000 – an increase of US$211,000 or 310% compared to US$68,000 for the same period the previous
year.
"It has been an exciting quarter for SAIS as we transitioned to
become a fully-fledged technology business. Our revenue for the
nine months ended September 30, 2019
is in line with our plans as we are taking steps to enhance the
sales strategy for our flagship KADDRA platform including
appointing Arnaud Elnecave as our
Chief Operating Officer. Since coming on board in early September,
he has already begun to establish strong sales and production
planning to grow the Kaddra business effectively," said
Quentin Chiarugi, Chief Executive
Officer of SAIS.
Arnaud is already on-boarding our first Asian SME client, Envy
Motors, and we are looking toward digitalising the Singapore-based luxury automotive dealership's
customer engagement with a custom-built tiered lifestyle ecosystem
for their clientele and car enthusiasts. This is the prelude of
Kaddra's strategy to become a leader of mobile commerce technology
for the vast SME market. Nevertheless, Kaddra is located in
Singapore, which is very
advantageous given the latest government schemes supporting SMEs to
digitalise themselves across every industry. This places Kaddra at
the center of the most dynamic region in the world for mobile
commerce growth.
Kaddra suite of sales and marketing tools, intended to enable
businesses digitalise their Customer Experience, is the result of
over two years of research and development by SAIS. The flagship
KADDRA platform was awarded Silver in the "Enterprise Product of
the Year – Marketing Software" category at the 7th
Annual Best In Biz 2019 International, of which results were
announced on August 14, 2019.
"This recognition is truly an honour and validates the effort
that our team has put in thus far in building a compelling and
affordable Digital Transformation solution for SME businesses
across a wide range of diverse retail verticals" Chiarugi
added.
On September 13, 2019, the Company
completed the sale of Sarment, its traditional wine and spirits
distribution business, to a private consortium of shareholders. The
transaction significantly improved the Company's balance sheet by
removing the previous shareholders debts and resulted in a gain on
sale of US$13.5 million.
The sale of Sarment has enabled SAIS management to fully
dedicate itself to accelerating Kaddra and its Customer Experience
Management ("CXM") solutions supported by US$4.0 million of additional shareholders funding
since April 1, 2019 of which
US$2.5 million will be
capitalised.
About SAIS Limited
Singapore-based SAIS is a
provider of advanced technology solutions, business intelligence
and supporting services. Across our units, we connect businesses
with their customers through end-to-end intelligent solutions. A
global leader in the development of Customer Experience Management
("CXM") platforms, we are focused on utilising AI to create
technology aimed at providing unique digital experiences, and
crafted to foster ground-breaking client-customer
relationships.
To learn more about SAIS Limited, visit our website:
sais-group.com
# # #
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE SAIS Limited
