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The quarter was more or les
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s a complete whiff, falling short of Wall Street estimates for earnings, revenue generated, and also
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the company outlook for the first quarter next year. That may be just a factor of the difficulty wearable device companies face going forward, as even though they can come out with new products and find niches, it not clear if users are going to continue adopting them. That explains some of the moves from Fitbit to further get into health care, but it
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looks like there still some ways to go as investors recalibrate their expectations.The stock price, as a result, is crashing this afternoon after the company posted its results. It down more than 10% following the report, sending its shares back below $5.Here the final slash line:Q4 Revenue: $570.8 million, versus analyst estimates of $588.9 million.Q4 Earnings: Loss of two cents per share, compared to net flat estimates by Wall Street.Q4 Device Sales: 5.4 million wearable Vzhm Secret Co-Founder David Byttow Preps New Enterprise Startup After Stint At Medium
ThingLink total funding to date is $3.9 million.The startup, now based in New York and Helsinki, was first founded in 2008 by Ulla Engestr枚m who was originally inspired to associate online information and other stories with phy
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sical objects in the real world. She experimented with sewing on stickers to clothes and other objects, which could be activated with NFC-enabled mobile phones. She called those identifiers thinglinks, at the suggestion of a friend, now investor, Eric Wahlforss, co-founder of SoundCloud.Later, this concept was extended to photographs, and in 2010, a public version of the image-tagging tool launched at thi
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nglink.com, allowing anyone to add content to online images, which could then be distributed across the web.In the years since, it been this tool that found its footing, attracting the interest of digital marketers, business and brands. Atlantic Records, for instance, was among the early adopters of the platform, using it
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