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12 Retech Corporation  (RETC)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

12 Retech's

Competitiveness


 

RETC Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, 12 Retech reported Total Revenue increase in the 2 quarter 2021 by 59.43 % year on year.
The sales growth was above 12 Retech's competitors average revenue growth of 3.43 %, recorded in the same quarter.

List of RETC Competitors





Revenue Growth Comparisons




Net Income Comparison


12 Retech Corporation recorded net loss and most of company's competitors saw decline in earnings by -3.59 %

<<  More on RETC Income Comparisons


12 Retech's Comment on Competitors and Industry Peers


We may see increased competition in our markets. On the technology side of our business many players are entering the market place including Hitachi, IBM, and others. While we believe that our solutions are better due to our experience as retailers our competitors are entrenched and very well-funded. The competitors may be able to respond more quickly to new or emerging technologies and changes in customer requirements and devote greater resources to develop, promote and sell their products or services. In addition, increased competition could result in reduced fees, reduced margins and loss of market share, any of which could harm our business. We cannot guarantee that we can compete successfully against current or future competitors, many of which have substantially more capital, existing brand recognition, resources and access to additional financing. All these competitive pressures may result in increased marketing costs, or loss of market share or otherwise may materially and adversely affect our business, results of operations and financial condition.





  

Overall company Market Share Q2 2021

Due to outstanding performance in Overall company, revenue grew by 59.43 % 12 Retech Corporation improved its market share, to approximate 0 %.





<<  More on RETC Market Share.
 

*Market share calculated with total revenue.


RETC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
12 Retech Corporation 0 2 -2 4
International Business Machines Corporation 74,401 124,255 5,334 379,592
SUBTOTAL 74,401 124,257 5,332 379,596


       
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