Sony’s revenue surges on healthier movie, sport, audio progress | Wellbeing and Physical fitness

TOKYO (AP) — Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the earlier calendar year, as the Japanese leisure and electronics corporation racked up revenue in online video sport and movie divisions.

Tokyo-based mostly Sony Corp.’s January-March quarterly revenue edged up 1% to 2.26 trillion yen ($17 billion), as its songs functions also did perfectly, boosted by the acceptance of streaming companies, the organization mentioned Tuesday.

For the full fiscal calendar year ended in March, Sony racked up a revenue of 882 billion yen ($6.8 billion), down 14% inspite of the results of “Spider-Man: No Way House,” which contributed to theatrical profits.

Profits in its Television division also grew from the licensing revenue of “Seinfeld” and other titles, Sony mentioned.

Sony CFO Hiroki Totoki instructed reporters income from movie theaters was returning currently to concentrations recorded prior to the coronavirus pandemic, which introduced on constraints all around the world to curb the spread of bacterial infections.

Men and women are also reading…

By reshaping its merchandise lineup, profits improved in TVs and electronic cameras, beating provide difficulties that came from disruptions brought on by COVID-19, Totoki stated. But a number of months may possibly be essential to get around the new supply troubles stemming from the latest constraints in China, he additional.

The reversal of a earlier produce-down of deferred tax assets previous fiscal 12 months also aided mail the hottest annual earnings decreased owing to the absence of the tax-reduction perk.

Gross sales for the fiscal 12 months as a result of March 2023 are expected to gain from the declining yen that will appear on major of the envisioned growth in information income. The dollar was trading at 116 yen, up from just about 106 yen the earlier calendar year, in accordance to Sony.

Gross sales ended up also boosted by Sony’s acquisition of Crunchyroll, which streams animation. Sony has also lately been banking on the metaverse, the immersive virtual entire world, where it faces rivals like Fb, or Meta.

Sony, which also helps make TVs and portable electronic audio gamers, expects to publish a revenue of 830 billion yen ($6.4 billion) for the fiscal yr by way of March 2023.

Yuri Kageyama is on Twitter: https://twitter.com/yurikageyama

Copyright 2022 The Associated Push. All legal rights reserved. This materials may well not be revealed, broadcast, rewritten or redistributed with out authorization.

Read More...

Read More

BIOLASE Reports 46% Revenue Growth In 2021 Third Quarter; Demand For Dental Lasers From New Customers Remains High And Continues To Fuel Growth

Expects Significant Revenue Growth Year-Over-Year in Fourth Quarter 2021

FOOTHILL RANCH, Calif., Nov. 10, 2021 /PRNewswire/ — BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced its financial results for its third quarter ended September 30, 2021 and provided fourth quarter 2021 revenue guidance.

BIOLASE Logo (PRNewsfoto/BIOLASE, Inc.)

2021 Third Quarter Operating Highlights (all comparisons are on a year-over-year basis unless specified otherwise):

  • Net revenue grew 46% to $9.5 million:

  • Net revenue was 10% higher than third quarter of 2019, which was the last pre-pandemic comparable period

  • Laser system sales increased 64%

  • Consumables and other revenue increased 21%

  • U.S. and international revenue increased 25% and 101%, respectively, as more dental practices were operating during the 2021 third quarter compared to the year-ago third quarter due to the COVID-19 pandemic

  • Gross margin was 51%, up 1,600 basis points, due to the higher year-over-year revenue, favorable revenue mix and higher average selling prices for products sold during the quarter

  • Maintained strong balance sheet, as cash and cash equivalents totaled $33.4 million at quarter end

“Our strong third quarter performance continues to reflect the rising demand for our industry-leading dental lasers,” commented John Beaver, President and Chief Executive Officer. “Our efforts to both educate and train dental specialists is leading to increased adoption across these large and largely untapped markets. In today’s environment, the fact that BIOLASE lasers provide increased safety to dentists and their patients is generating a high level of acceptance by dental practitioners – and we expect this to be a driving force for the foreseeable future. Our industry-leading dental lasers aim to provide a better standard of care for dental procedures and seek to ensure a safer experience while reducing the risk of future procedure and business disruptions by reducing aerosolization to mitigate the spread of infectious pathogens, such as COVID-19. Looking ahead, we expect significant year-over-year improvement across our key performance metrics, including revenue and gross margin in the fourth quarter as we continue to gain momentum with new customers and dental specialists.”

2021 Third Quarter Financial Results

Net revenue for the third quarter of 2021 was $9.5 million, an increase of 46% compared to net revenue of $6.5 million for the third quarter of 2020, which was impacted by the COVID-19 pandemic as many dental practitioners were forced to suspend procedures. U.S. laser revenue was $3.4 million for the third quarter of 2021, up 25% when compared to U.S. laser revenue of $2.7 million for the third quarter of 2020. U.S. consumables and other revenue for the third quarter of 2021, which consists of revenue from consumable products such as disposable tips, increased 26% compared to the third quarter of 2020. Outside the U.S., laser revenue increased 168% to $2.7 million for the third quarter of 2021, compared to $1.0 million for the third quarter of 2020, and consumables and other revenue increased 13% year over year as recovery from the pandemic improved internationally.

Gross margin for

Read More... Read More