News Column

mPhase Technologies Reports Comparable Revenue Growth for Fiscal Year 2014

June 3, 2014

mPhase Technologies said that revenues from its mPower JumpIt and Mini JumpIt product line exceed prior years revenues.

In its release on May 27, the Company noted that for the quarter ended March 31, revenues jumped to $255,113 from $53,653 in the quarter ended December 31, 2013. In addition, year-to-date revenues for fiscal year 2014 have increased to $308,767 from $4,084 in fiscal year ended June 30, 2013 and $1,502 for the fiscal year ended June 30, 2012.

The Company believes that the growth in revenues is the first sign that it is beginning to gain traction in the U.S. consumer market for battery jumpstarter products. The mass market is vast, crossing many target markets. These include automotive, marine and spanning into consumer electronics. The Company is seeking to further penetrate these markets with their existing jumpstarter products and continue to add to the line with additional products that provide varying capabilities and applications.

mPower Technologies Inc. is the consumer products subsidiary of mPhase Technologies, Inc.

mPhase Technologies is a publicly traded company that is heading a Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics.

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Source: Health & Beauty Close - Up

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