The company has not filed an annual or quarterly report since its FY2022 20-F, filed Aug 15, 2022. Its latest SEC filing is a 15-12G from Jul 11, 2023.
20-F for FY2022, filed Aug 15, 2022
The sections below describe the company as of the FY2022 annual report.
Designs and sells electronic scales and pet electronic products for brand owners and manufacturers, and leases factory space and equipment to businesses.
20-F for FY2022, filed Aug 15, 2022Since inception, we have designed, developed, produced and sold electronic sensor-based and wireless products for private label OEMs, OBMs…View ↗
We have two factory properties in China and our business operations are organized based upon the products we offer. Our manufacturing…View ↗
Products. Our sensor-based scale products include bathroom, kitchen, office, jewelry, laboratory, postal and industrial scales that are…View ↗
Since the fiscal year ended March 31, 2013, the Company has also produced pet electronic products that are sold to wholesalers and pet…View ↗
In addition, since October 2016 we have leased excess space and equipment in our Xinxing facility to third parties in order to supplement…View ↗
$14.8M
20-F for FY2022, filed Aug 15, 2022
$14.8M ↗
Brand owners and manufacturers buy products mainly through direct company sales staff, while end users buy pet products and home appliances through online platforms. The company also sells to wholesalers and pet shops.
20-F for FY2022, filed Aug 15, 2022Customers and Marketing. We sell our products primarily in the United States and Europe. Customers for our products are primarily OEMs…View ↗
Since the fiscal year ended March 31, 2013, the Company has also produced pet electronic products that are sold to wholesalers and pet…View ↗
We maintain a marketing and sales team of six people. Also, our experienced engineering teams work directly with our customers to develop…View ↗
20-F for FY2022, filed Aug 15, 2022
A substantial portion, 27%, 23% and 30% of revenue, was generated from one customer for the years ended March 31, 2020, 2021 and 2022…View ↗
No. It lost $2.8M in FY2022.
20-F for FY2022, filed Aug 15, 2022
−$2.2MView ↗
20-F for FY2022, filed Aug 15, 2022
−$2.8MView ↗
20-F for FY2022, filed Aug 15, 2022
−$3.2MView ↗
Grew. Revenue grew 28% in 4 years, from $11.5M in FY2018 to $14.8M in FY2022, about 6% a year.
Online sales and home appliances
The latest report describes pet products sold through online platforms and adds home appliances sold online; the older report describes pet products but not online sales or home appliances.
20-F for FY2019, filed Aug 15, 2019 20-F for FY2022, filed Aug 15, 2022Since the fiscal year ended March 31, 2013, the Company has also produced pet electronic products that are sold to wholesalers and pet…View ↗
We also receive revenue from certain customers for (i) the development and manufacture of tooling and moulding for scales and pet…View ↗
Customers and Marketing. We sell our products primarily in the United States and Europe. Customers for our products are primarily OEMs…View ↗
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