- Revenues increased to $424,487, up $106,836 or 397% year-over-year, due to an increase in demand for our energy conservation services business;
- Net loss decreased year-over-year from ($528,761) to ($286,974), as a result of lower operating expenses and an increase in revenue; and,
- Launched our boiler conversion services to reduce energy costs and help local property owners comply with NY local law 43. Our initial customer is a local university for a two-site Oil-to-Natural Gas boiler conversion.
NEWARK, N.J., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTCQB:AKDS), a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management, today announced and commented on the Company's consolidated financial and operational results for the fiscal first quarter 2017 ending on August 31, 2016. Financial and Operational Highlights for the Three Months Ended August 31, 2016: