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Irvine, California (Newsfile Corp. - May 21, 2021) - SmartAxiom Inc., a subsidiary of
Life on Earth Inc (OTC Pink: LFER), announced today that it has received U.S. patent number 10,924,466 for its Intellectual Property (IP) System and Method for IoT Security.
The patent covers SmartAxiom s innovative blockchain to manage and secure Internet-of-Things (IoT) systems.
Blockchains are ideal tools at building and providing the trust factor between IoT devices but have traditionally been plagued by suboptimal speed and an inordinate need for power to efficiently run on IoT devices. SmartAxiom s breakthrough multi-chain technology provides an industry first solution enabling devices to interact while meeting requirements of a Zero Trust solution. Security is the critical factor in building a robust IoT structure and our patented solution can now provide this security on an unprecedented scale. The patent also covers far improved latency, reliability, scalability and manageabili
Subex fell 6.19% to Rs 58.30 after the company s consolidated net profit tanked 51.2% to Rs 15.60 crore on 7.8% decline in revenues to Rs 96.20 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax (PBT) dropped 39.2% to Rs 22.19 crore in Q4 FY21 from Rs 36.50 crore in Q4 FY20.
Sequentially, the company s net profit surged 79.3% and revenues increased 2.4% in Q4 March 2021 over Q3 December 2020. EBITDA grew 13.8% to Rs 23.10 crore in Q4 FY21 as against Rs 20.30 crore in Q3 FY20.
The board has recommended a final dividend of Rs 0.25 per equity share for the FY 2020-21.
Commenting on the Q4 results, Anil Singhvi, the chairman of Subex, said: Subex has performed well in FY21 despite the challenges due to the pandemic, and has closed Q4 with increased growth and profitability. The successful completion of the capital reduction has helped the company s balance sheet to become leaner and in line with size of the business. We are making good progress in the new areas and I am
Subex Ltd reports consolidated net profit of Rs 15 60 crore in Q4FY21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.