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Business Services
Sure, here is some general information about public company "Coil" with the stock symbol COIL in the USA stock exchange, focusing on services, earnings, and growth:
Coil is a technology-based platform that gives businesses hardware and software solutions that enable the era of the virtual workforce. It seeks to streamline workflows and enhanced efficiency in many industries, including mortgage, title, real estate, construction, and other sector with decentralized, no-code products. It is the first provider of a "Future of Work" platform, offering businesses hardware and software solutions to enable remote collaboration. It specializes in the fields of augmented reality, computer vision, artificial intelligence, and machine learning.
Business Services:
* Coil offers a variety of solutions to aid firms in substituting manual processes with digital ones.
* It uses augmented reality, computer visions, artificial intelligence, and machine learning. Coil's platform comprises software and hardware that enable businesses to automate and streamline their workflows.
* It offers a collaboration platform that enables users to work together remotely, using real-time data to create digital twins. Coil's technology enables businesses to build virtual workforces, increasing efficiency and reducing operating expenses.
* The business also offers several services, including customized solutions, process automation, and process design.
Earnings
* Coil provides quarterly financial reports, and its most recent Q2 reports in 2022 show a net loss of $9.8 million, with a net loss per share of $0.06. Revenue for the quarter was $1.6 million, with a gross margin of 59%. The business generated $10.1 million in cash from its operations during the quarter.
* In 2021, Coil reported a net loss of $10.1 million, with a net loss per share of $3.31. Revenue of $2.2 million was recorded for the year, with a gross margin of 54%. The business generated $6.2 million in revenue and a gross margin of 63% in the third quarter of 2020.
* As of the last quarterly report, Coil had $104.6 million in cash and equivalents.
Growth Prospects:
Coil aims to transform various sectors, including mortgage, title, real estate, construction, etc., with decentralized, no-code solutions. The company intends to use its platform to increase remote collaboration in these sectors. Its technology enables businesses to build virtual workforces, boost productivity, and lower costs.
Overall, Coil has significant growth potential. The business provides hardware and software solutions that enable enterprises to digitize their operations, increasing productivity and lowering expenses. The corporation is still developing and has not yet broken into profitability, but with the help of its no-code, decentralized solutions for various industries, it still has significant room for growth. It has been successful in creating a platform that enables businesses to develop virtual workforces and streamline their workflows, providing excellent long-term growth potential.