Trillions of Internet of Things track: downturn with smart revenue of graffiti, and the market value shrinks tens of billions of dollars

Text/Yang Jianyong

After the release quarterly report, graffiti intelligence encountered a severe decline in the capital market. The largest decline in the market was 22%, and finally closed at 18.34%. You know, last year, with the global IoT cloud's first share, the IPO was unlimited. After all, the Internet of Things field is one of the hottest tracks. As an important direction of information technology development, tens of billions of intelligent equipment and edge equipment are deployed in various corners to form all things interconnection. Driven by artificial intelligence and other technologies, the interconnection of all things has evolved to all things in all things, which has brought about the global Internet of Things presentation presentation. Filling up.

For innovative companies on the Internet of Things track, although the loss is expanding, there are still countless eye -catching. However, under the wind, the debut is the peak. Among them, the Cijie Technology and graffiti intelligence are the Internet of Things enterprises that are at its peak. As far as Capita Technology is concerned, the IoT chip track, although the loss of more than 5 billion yuan in the past five years, has surpassed nearly 4.2 billion yuan. In fact, it was planned to raise 2.38 billion yuan. As a result, the actual net raised funds reached 6.546 billion yuan. From a certain degree of perspective, this also pushed the issuance price, causing newcomers to be caught off guard. Four percent.

Graffiti intelligence is also one of the representative IoT vendors of the debut. Not only the Internet of Things hot track, but also losses for years, but still conduct an IPO at a issue price of $ 21, raising a capital of up to 915 million US dollars (about 6.2 billion yuan). Based on the issue price of US $ 21, the market value was $ 11.76 billion, and it rose 19%on the first day, with a market value of 14 billion US dollars. Unfortunately, the first day of listing was the peak, and then went down all the way. By the current market value of only 1.382 billion US dollars, the market value of the issue price decreased by US $ 10.378 billion. The stock price not only fell below the issue price, but also dropped by 88%.

Among them, there are multiple factors such as the overall downturn of China stocks, but in my opinion, it also reflects the market's concerns about the unicorn that continues to lose money. For graffiti intelligence, profitability is worrying. On the road to "poetry and distance", commercial application scenarios are the core. So, graffiti intelligence?

First, losses have expanded. In 2020, the smart losses of graffiti were US $ 66.9 million, and in 2021, the loss increased by US $ 108.5 million, and its net loss reached 175.4 million US dollars. The net loss in Q1 in 2022 was $ 55 million, while the same period of 2021 was $ 40.5 million; the net loss of non -recognized accounting principles was US $ 37.3 million, while the same period of 2021 was $ 23.8 million.

Secondly, the revenue growth is weak and the revenue performance of the IoT sector is sluggish. In 2022, the total revenue of Q1 was 55.3 million US dollars, a year -on -year decrease of 2.7%, mainly because the IoT PAAS revenue decreased. You know, IoT PaaS is the core source of smart revenue for graffiti, with a total of more than 90 % of the total revenue in 2021. However, in 2022, the revenue from IoT PaaS was $ 41.8 million, a year -on -year decrease of 16%, thereby dragging the overall revenue. The proportion of SaaS revenue in rapid development is low, contributing to the overall revenue, and there is still a long way to go to the second growth curve. In this quarter, SaaS and other revenue were only $ 5.8 million, an increase of 146.7%year -on -year. At the same time, the performance outlook continues to decline. It is expected that the revenue in the second quarter is between 60 million and $ 65 million, while the revenue in the second quarter of 2021 was $ 84.7 million.

Third, the size of the user has increased, but the sales efficiency is low. As of the first quarter of 2022, IoT PaaS customers were 2,600, a year -on -year increase of 21%, and 303 high -quality customers in IoT PaaS. They contributed about 85.6%of IoT PaaS. It should be pointed out that within 12 consecutive months, IoT PaaS customers who have contributed more than 100,000 US dollars for the intelligence of graffiti are high -quality customers of IoT PaaS. Different from the steady growth of customers is the low revenue, showing that most of the users are invalid and failed to create value. The highlight is that the net income expansion (DBNER) of the IoT PaaS business is 122%.

Finally, the IoT platform giant Lin Li, in the commercial landing scenario, the smart positioning IoT cloud platform manufacturer of graffiti, is extremely difficult to snatch the market in the hands of the giants. Graffiti can be able to connect with all things to create a development standard for interconnection, connect the intelligent needs of brands, OEM manufacturers, developers, retailers and industries, and provide developers with a PAAS -level solution of one -stop artificial intelligence Internet of Things. Program. Among IoT PaaS business revenue, electrician lighting accounts for about 40%, consumer cameras and sensing account for about 25%, kitchen appliances, pets and other types of electrical appliances account for about 20%, and other emerging classes account for more than 15%.

However, almost all cloud giants have IoT platform services in the Internet of Things platforms. According to IoT Analytics reports, Microsoft Azure, Amazon AWS, and Google Cloud Three Cloud Giants jointly owns 80%of the global IoT cloud market share. The report pointed out that AWS has the advantage of first -mover, and Microsoft Azure has also launched IoT services. Since then, the Internet of Things has been regarded as one of the core strategies, including investment of US $ 5 billion in the Internet of Things in 2018.

According to the analysis of the 167 public Internet of Things cases based on the Microsoft Azure, IoT HUB is the most widely used Azure IoT service, followed by Azure IoT EDGE. Microsoft CEO Nadella once pointed out, "From smart factories to smart buildings to smart cities, we are helping organizations using the combination of Azure Internet of Things, digital twins and grids to help digitize people, places and things in order to visualize , Simulation and analysis of any business process. "Amazon AWS is a global cloud service leader, and IoT Core is the most popular AWS IoT service. Two new Internet of Things services were also launched at the Re: Invent Global Conference in December 2021: AWS IOT Twinmaker and AWS IOT FLETWISE. With Amazon IoT Twinmake Internet of Things, it allows developers to easily and quickly create digital twins in real worlds, such as buildings, factories, industrial equipment and production lines. There is also Amazon IoT Fleetwise Internet of Things, which makes car manufacturers easier and economic to manage vehicle data, and at the same time upload to the cloud almost in real time.

Including graffiti intelligence, all need to use Amazon AWS and Microsoft Azure to build an IoT platform. It can be said that the graffiti smart IoT cloud platform is deployed on the cloud giant's cloud computing infrastructure. For example, graffiti intelligence uses Amazon cloud technology cloud service. Hundreds of thousands of affairs support the most stringent applications. Specifically, the stability of the graffiti IoT PaaS directly affects the business progress of customers. Relying on the cloud platform built by Amazon Cloud Technology, graffiti can guarantee this to a greater extent.

Conclusion

Benefit the global wave of intelligence, and all circles have promoted digital transformation and upgrading to the prospects of new technical demand for the Internet of Things, artificial intelligence, and cloud services. According to the latest global Internet of Things market report released by IDC, the scale of the global IoT (enterprise) expenditure in 2021 reached US $ 690.26 billion, and it is expected to reach US $ 1.1 trillion in 2026. However, the players on the track of the Internet of Things show a few happy situations.

Yang Jianyong, a Forbes Chinese writer, is committed to in -depth interpretation of cutting -edge technologies such as the Internet of Things, cloud services and artificial intelligence.

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