Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As expected for results snuck out as attention focused on the General Election result, Fitbug Holdings (FITB) reported an increased loss for the 2014 calendar year. The following updates with the company though emphasising a “transformational year… successfully capitalising on the rapidly growing B2C market for wearable technology”. Hmmm…
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Comments
BusyB
If Fitbit floats on the US stock exchange and even warns of the thread of smart watches such as Apple Watches to its business. What hope does its poor rival Fitbug have? Poorer product, less money, IP battles. Doomed, total sell this one.