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Motion Mapping enhances IKEA flagship London store

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Scalable edge-blending assists room-scale VR in CAVEs

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Switchable film brings new views to prison chapel windows

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Holographic Julian Phillips joins AVI-SPL at InfoComm

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Queen Elizabeth portraits projected onto Stonehenge

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Ripple’s XRP Projected To Surpass $2.55 By December 2022 Following SEC Lawsuit Outcome

Ripple’s ODL Service On The Verge Of Reaching Global Coverage — And That’s Fiercely Bullish For XRP
The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).

The SaaS Financial Model You’ll Actually Use (Updated 2022)

This post is aimed at CEOs and founders who are looking to upgrade their SaaS Financial Model to an operational tool that helps them make more informed decisions. This is the same core model that enabled me to simultaneously work with dozens of startups using spreadsheets, while we built our SaaS financial modeling software Flightpath.  Table of […]

The post The SaaS Financial Model You’ll Actually Use (Updated 2022) appeared first on Baremetrics.

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The Week Ahead – Central Banks Go Hawkish Despite Instability

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EURUSD struggles over recession risk The euro treads water as talks of recession simmer. The pair found support following the ECB’s pledge to reduce its stimulus, paving the way for an interest rate hike before the end of the year. However, sentiment remains cautious due to Ukraine war developments. Hints of progress in peace talks […]

The post The Week Ahead – Central Banks Go Hawkish Despite Instability appeared first on Orbex Forex Trading Blog.

Sisram Medical Ltd Announces 2021 Record Annual Results

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HONG KONG, Mar 17, 2022 - (ACN Newswire) - Sisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more, today announced its audited consolidated annual results for the year ended December 31, 2021 (the "Reporting Period").

FINANCIAL HIGHLIGHTS
-- Revenue for the year ended December 31, 2021 was US$294.3 million, increased by 81.6% as compared to the revenue for the previous year.
-- Profit for the year ended December 31, 2021 was US$32.5 million, increased by 121.5% as compared to that for the previous year.
-- Net cash flows from operating activities for the year ended December 31, 2021 was US$32.4 million, increased by 25.8% as compared to that for the previous year.
-- Significant growth in all regions, mainly in North America and APAC. Revenue in North America for the year ended December 31, 2021 was US$112.0 million, increased by 105.8% as compared to that for the previous year. Revenue in APAC for the year ended December 31, 2021 was US$85.2 million, increased by 95.3% as compared to that for the previous year.

BUSINESS HIGHLIGHTS
-- R&D investments increased by 42.3% YoY to US$15.6 million with 2 new products launched: "Alma Duo" and "Alma PrimeX".
-- Continued the development of two new business lines - (i) Copulla - a new, innovative digital dentistry service; (ii) LMNT, a personal care brand, now launching a light-based skin rejuvenation home use device.
-- The Group entered into a sub-license agreement with Fosun Industrial for the commercialization of "RT002" Injectable, the new generation of neurotoxins for medical aesthetics use. The Group's existing injectables distribution operation, registered a revenue growth of 50.1% year over year.
-- The Group entered into an investment agreement at the amount of RMB 2.6 million for the establishment of Tianjin Xingsiyi, a research & development, technical services and supply operation for silk fibroin-sodium injectables and facial implant thread products.
-- The Group has acquired the entire share capital of Shanghai Foshion Medical System to further enhance its dental business line.
-- The Group purchased the remaining 40% equity interest in its Israeli distributor, Nova Medical. Upon completion, Nova Medical is a wholly-owned subsidiary of the Company, rebranded as Alma Israel.

FINAL DIVIDEND
-- The Board has resolved to declare a final dividend of HK$0.157 (inclusive of tax) per Share for the year ended December 31, 2021.

Business Growth Projection for 2022
Based on an increase in the demand for the Company's products and the backlog of orders as of December 31, 2021, barring any unforeseen circumstances or material change in market conditions, the Group expects to record a significant growth in revenue of over 35.0% in the first half of 2022 as compared to the revenue recorded in the corresponding period in 2021.

Record results, strong subsidiaries performance, overall geographic performance uptake, continued investments in R&D and strong business development momentum In 2021, Sisram's established global sales and distribution network recorded a total revenue of US$294.3 million for the Reporting Period, representing an increase of 81.6% when compared to 2020. All regions revenue increased substantially during the Reporting Period with North America demonstrating an increase of 105.8%, Asia Pacific with an increase of 95.3%, Latin America with an increase of 76.3%, Europe with an increase of 49.7% and Middle East & Africa with an increase of 45.2%.

The gross profit increased from US$90.3 million in 2020 to US$166.9 million in 2021, representing an increase of US$76.6 million. The gross profit margin in 2021 amounted to 56.7%, representing an increase of 1% compared to 55.7% in 2020. The establishment of direct operation offices in chosen territories has enabled the Company to shorten the supply chain, increase the average selling price, gain a higher brand visibility and ensure consistency among the communications with the target clientele. During 2021, revenue derived from direct sales has surpassed revenue derived from distributors with 62.0% attributed to the former and 38.0% to the latter.

For the Reporting Period, the Group recorded an adjusted net profit of US$40.3 million representing an increase of 100.0% when compared with the corresponding period of 2020. The adjusted net profit margin for the Reporting Period was 13.7%. The net cash flow from operating activities amounted to US$32.4 million, representing an increase of 25.8% when compared to 2020.

In 2021, Sisram continued its substantial R&D efforts, with 13% of corporate employees being R&D specialists. During the Reporting Period, R&D expense increased by 42.3% to US$15.6 million from US$11.0 million for the corresponding period in 2020. During the Reporting Period, the Group launched 2 new products, "Alma Duo" and "Alma PrimeX", as well as expanded two business lines, "Copulla" - a new, innovative digital dentistry service, and "LMNT", a personal care brand, now launching a light-based skin rejuvenation home use device.

Continued Investments in Digital Transformation and Production Ramp-up
In 2021, Sisram continued the development of its digital core architecture with vast investments in Information Systems and Digitalization, encompassing traditional ERP and CRM modules, IoT solutions for professional capital equipment, marketing automation and consumer access. Over the past 3 years (2019-2021), Sisram invested more than US$6.5 million in information systems, upgrading its ERP and CRM infrastructure, migrating to cloud-based systems to serve the entire growing and diverse eco-system and implementing new digital tools for Internal organization management, external engagement mechanisms between the organization and the market and cyber security.

On the operational front, Sisram focused on addressing the pandemic effect by investing in production ramp-up to accommodate the growing global demand and improve quality performances KPI's such as FPY (First Pass Yield) and new platforms critical failure.

A Never-before-seen Synergistic Ecosystem Composed of 4 Pillars
Sisram's Wellness Group is a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more.

As of 2021 Sisram is operating 4 business lines. The Medical Aesthetics business line, led by Alma, registered a revenue increase of 73.4%. The Injectables business line registered a revenue increase of 50.1% year over year. In 2021, Sisram integrated the activity of Shanghai Foshion Medical System into Sisram, while developing Copulla's digital dentistry service. The Personal Care business line, LMNT by Sisram Medical, is a home-use brand, immersing the essence of wellness into consumers' daily routine.

Looking forward, Mr. Liu Yi, Chairman and Executive Director of Sisram, said: "As a core member of Fosun Pharma's medical device sector, as well as the core platform of Fosun's ecosystem, we have always insisted on customer-centric philosophy and focused on technology and innovation, to continuously improve our product power and competitiveness to respond to the rapid development of the industry. In 2022, based on our charted strategy, we will continue to promote Sisram's ecosystem, and steadily expand the product portfolio and ecological interoperability between Sisram's ecosystem, Fosun Pharma's medical device sector, and even Fosun's greater ecosystem, so as to provide customers with advanced technologies and products through the enhancement of technological applications. We will also promote the sustainable and sound development of the industry by improving clinical applications. In addition, we shall meet the market demand of the aesthetic industry through our diversified product portfolio and market strategy."

Mr. Lior Dayan, CEO of Sisram and Alma, said: "The Group's efforts during 2022 will strategically focus on expanding direct operation in strategic markets to secure market access for both professional and consumer clientele, improve digital infrastructure and tools, drive awareness and preference to our global consumer brand and leverage it to globally introduce new products and services."

About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more. The company is majority held by Fosun Pharma, a leading healthcare group in China. Sisram Medical successfully went public on September 19, 2017, as the first Israeli company listed on the Hong Kong Exchange Main Board.

Sisram Medical - Enhancing Quality of Life
http://www.sisram-medical.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding

Panasonic projectors power university’s esports arena

Two Panasonic’s PT-RCQ10BU 10,000-Lumen WUXGA 1-Chip DLP laser projectors were chosen by Cory's Audio Visual for a theatre-style esports arena at Southwestern Oklahoma State University.

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MATIC Price To Remain Under $2! Deposits And Withdrawals Of Polygon Paused?

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The post MATIC Price To Remain Under $2! Deposits And Withdrawals Of Polygon Paused? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global cryptocurrency market continues to spectate a host of events running across a plethora of protocols from its directory. This time around it is Polygon, which is back to talks amongst folks in the business. Folks from the business keen on the fast evolving world of technologies, are now looking forward to Polygon’s building …

XRP is On Its Way Towards A 20% Correction! Will This Ruling In Ripple’s Lawsuit Handcuff The Bears?

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The post XRP is On Its Way Towards A 20% Correction! Will This Ruling In Ripple’s Lawsuit Handcuff The Bears? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The folks from the global crypto market are anxious about, how the week will unfold. As major announcements remain in opposition of the industry. Meanwhile the XRP army holds anxiety around the price action of XRP. A number of indicators hint at the call of the bears. Which could open up a possible plunge in …

How Crypto Platforms are Transforming the Online Gaming Industry

The gaming industry has come a long way from the days of arcades. From Super Mario to Grand Theft Auto, the gaming industry has seen quite a lot of transformation in terms of enhancing the gaming experience. It has made great strides in the last several decades. In fact, the worldwide gaming industry, which was valued at USD 173.70 billion in 2020, is expected to reach USD 314.40 billion by 2026, with a 9.64% CAGR between 2021 and 2026. Most of the credit goes to the advancement in technology. The emergence of virtual reality (VR), artificial intelligence (AI), and augmented reality (AR) along with their integrations with gaming consoles like Xbox and PS5 has revolutionized the gaming experience into something completely unimaginable. Moreover, with the mass adoption of blockchain technology happening, the gaming industry is now set to transform massively. Blockchain and crypto are already shaping the gaming sector with innovations and utilities while also massively benefiting gamers and gaming companies. A new wave of disruption is emerging. Evolution of the Gaming Industry Games were first regarded as only a leisure pastime. They were designed by computer engineers to kill time. People then soon realized the importance of playing games and this was the turning point where new names started to pop out. Although Atari, Fairchild channel F, Bally Astrocade, and Mattel Intellivision started the era, Nintendo’s Mario was a smashing blockbuster that opened the way for designers to develop a $200 billion gaming business. Although Mario remains the world’s best-selling franchise, games such as League of Legends, Call of Duty, and PUBG have evolved gaming into an unimaginable experience. Games are no longer only a leisure pastime. They have become a national pastime, with gaming world cups being held every year. Millions of dollars are invested to bring the greatest players from across the world to these world cups. Furthermore, the advent of blockchain is now giving games a new framework by offering a play-to-earn model in which players may make real money via cryptocurrencies. Even NFTs and DeFi are redefining gaming by providing tokenization and decentralization features along with real-world applications. Enhancing Utilities with Blockchain Gaming The gaming sector is now adopting blockchain solutions like crypto and NFTs to enhance the gaming experience along with massive benefits to players. Some of these include enhancing the security of the gaming market, enhancing ownership of in-game assets, enhancing the value projection of intangible assets, having more control over games, improving paying methods and trade resources, as well as earning rewards. Although these are some of the few, there are many more benefits that blockchain technology can provide. In fact, a few projects are already offering these benefits and one of them being Xchange Monster. This platform provides numerous solutions to the gaming community and providers through its exchange platform, decentralized payment gateway, and other features. Xchange Monster is an easy-to-use crypto platform that brings together both the gaming community and operators/publishers through the creation of a value-driven ecosystem. It intends to strengthen the interaction between the gaming community and operators for an enhanced gaming experience. The Xchange Monster token, $MXCH is the native cryptocurrency of the platform. It offers a wide range of utilities including token burn, collateralization, discount on trading fees, OTC burns and rebates, socialized gains, and future expansions. The Xchange Monster ecosystem will be powered by the $MXCH token providing stability to the ecosystem. Redefining Industry Standards with Blockchain Solutions Blockchain is blurring barriers and pushing the gaming sector towards a decentralized future. It will allow players to own decentralized assets, play anywhere and with anyone on the globe, enjoy better levels of security, and monetize their time and in-game knowledge in the future of gaming. The blockchain gaming economy has the potential to improve players’ gaming experiences while also providing new revenue streams for players and online gaming platforms. Fortunately, blockchain-based gaming is the next step in safeguarding video games and creating a long-term industry standard. And, with platforms like Xchange Monster transforming the gaming landscape into a unique experience, the world may see a new version revolution taking place. The combination of crypto and gaming will prove to be a disruption in the gaming landscape. The world has to be ready for this evolution. Let’s play the future.      
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