Visual search developer, Slyce Inc. (TSX VENTURE:SLC), released 2015 financial data and business highlights, ending October 31, 2015. Revenue for 2015 was $1,692,292 versus to $89,803 for 2014 and operating expenses for 2015 was $11,639,430 versus $6,900,310 for 2014. 2015 Net loss for 2015 was $12,069,466 versus $17,576,576 for 2014. Business News Slyce entered into a partnership with SHOES.COM. Slyce technology enables SHOES.COM, to permit consumers to take photos of women's footwear and match it with their product line, which can be immediately purchased. In a similar move, Slyce joined for forces with Neiman Marcus to deploy Slyce technology to its entire product mix. Urban Outfitters, a specialty retailer, agreed with Slyce to a develop a visual search platform for its mobile commerce. …show more content…
Financing Slyce started a $7 million private placement financing deal, in conjunction with a $5 million private investor company subscription, on February 10, 2016. The private investor’s initial subscription, on February 12, 2016, was for $1.6 million in unsecured promissory notes at 6% interest. An additional subscription was confirmed on February 29, 2016 for $1.9 million. Slyce reported remaining financing is nearly completed. CEO Statement Slyce CEO, Mark Elfenbein, remarked, "Growing retailer interest in visual product search and acknowledgement of Slyce as an emerging visual search leader reinforces our confidence in the Company's potential. Securing additional financing in the current market environment proved challenging and the recently announced private placement financing enables continued execution of Slyce's strategy." The Company Toronto, Ontario-based Slyce is a leading visual search technologies developer. With a focus on the retail sector, it’s technology enables consumers to engage with retailers in a real time
Net income on the income statement: $2,377,000,000 ($5.37 per share), which is an increase of 15% compared to 2014.
Yahoo and google have the Revenue at $73,785,000,000 for 2016 which is a $1,167,000,000 increase from 2015 when they were at $72,618,000,000. However this increase does not continue into the income statement on 01/28/17 where their revenues fell to $69,495,000,000 which is about a 6.17% decrease as compared to the 1.61% increase from the prior years. Even 2014 to 2015 saw an increase in revenue of $1,339,000,000 equating to a 1.88% increase. The profit shows a similar tended expect when a discontinued operations is involved by resulting in a loss for 2015 of $1,636,000,000. Both 2016 and 2017 reports show a profit however 2016 is gain lower than the statement for 01/28/17 with profit dropping by $626,000,000 translating to a 22.87% less
In the financial year that ended June 2013, the total revenue was lower than that of 2014. The breakdown of
Based on Talbots filing of the 10-K, net sales in FY 2005 were $1,808,606 compared to $1,697,843 in FY 2004, an increase of 6.5%. Operating income was $152,148 in FY 2005, compared to $142,115 in FY 2004, an increase of 7.1%. Cash flow from operations was 12% of sales, or $211,438 for FY 2005, compared to $155,223 for FY 2004. Total revenues for the year rose 7% to approximately $1.8 billion. Comparable store sales also grew at a modest 2.6%. Comparable store sales were positive in each of the first seven months of FY 2005, driven by a healthy sales performance across the U.S..
The Co-op reported losing $19.3 million in 2014 and $3.5 million in the first quarter through March 2015 and based on the Center for Medicare and Medicaid Services lost $22.7 million from January through June 2015.
• For the year ended December 31, 2004, un-audited Revenue was $1.06 billion up by $196.4 million over 2003’s revenue of $863.6 million. However, the airline reported a Net Loss of $17.2 million, down from Net Earnings of $60.5 million in 2003.
Urban Outfitters, often referring to itself as simply ‘UO’, is the corporate entity that includes retail chains Urban Outfitters, Anthropolgie, Free People, Terrain, and BHLDN, has became the greatest global retailer in the world. Back in the beginning, the first Urban Outfitter store was opened on a street nearby Pennsylvania University in 1970 by Dick Hayne and Scott Belair, both are the company’s chief executive officers (CEO). The first store’s name was Free People and it sold furniture, second-hand clothing, accessories, and decorative items. The store’s target market was young people, especially college students and it continues to dominate this market segment.
Some of the significant changes I found on the income sheet were revenue which decreased by 8 million dollars in 2015 compared to 2014. SG&A expenses increased by .9% for the year. How-ever gross profit decreased by .3% in 2015. Also net income for the year decreased by -2.5% per-cent.
The earnings for the discontinued operation in 2014 is $0.7 million and $0 for 2015 (Empire Company Limited).
Slyce has helped individuals save money on products by finding the most relevant deals. Shoppers can find coupons or engage in price matching when they use visual searching. Savings are applied immediately when customers purchase items/
The new technological advances have made it easier for even small time stores to come out with some unique idea like designing your shoe online. For an example, Customix offers 3 billion
He holds a BS degree in electrical engineering from an Indian technology institute and an MBA from a major U.S. university. Sean Davidson, director of technology, has more than ten years of experience in software development and integration. Walter Vu has almost ten years of experience in sales and business development in the software industry, including positions at Claris and Maxis. Mitch Feldman, director of marketing, was responsible for the marketing communications function and the Internet operations of a large software company for six years. Management strives for continual improvement in ease of user interface, personalized services, and amount of information supplied to customers.
The sales revenue decreased from 9 million to 6 million in 12 years and also they incurred operating losses.
Unfortunately, many online retailers have begun to catch up with many of these core competencies. The concepts of next-day delivery and “above and beyond” customer service are no longer the “WOW” factors that they may have been five years ago. However, the relationships that make up “Powered by Zappos” are tough to beat and give the company a competitive advantage through its supply web. At the time of this case, Zappos still holds the niche of being an online shoe expert, but companies
The first item to be compared is the revenues for the fiscal years. The revenue for the fiscal year of 2013 is $15,651,000,000, while the revenue for the fiscal year of 2015 is $15,797,000,000. Therefore in 2015 Gap Inc. had $146,000,000 or 9.24% more revenue than in 2013. Though they made more sales in 2015, due to other factors Gap Inc. ends up with less profit after tax (also known as return on revenue) in 2015, than they do in 2013.