AppSwarm Inc (SWRM)

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SWRM was a 200 MM $ company just a few months ago!!!???

https://www.insiderfinancial.com/appswarm-inc-otcmktsswrm-gets-corrected/116604/

AppSwarm Inc (OTCMKTS:SWRM) Gets Corrected
By Alex Carlson / in Momentum Stocks, Stocks, Tech / on Monday, 01 Aug 2016 03:11 AM / 0 Comment / 1322 views
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AppSwarm Inc (OTCMKTS:SWRM) finished the month of July on a down note. The stock fell over 45% on no news and no chatter on the message boards. The only thing that we can point to is the chart as the stock broke trendline support and investors decided to book profits. Many might have felt that its $200 million plus market cap was a little too rich for this app developer, especially when you look at the company’s financials. Now investors are asking what’s next?



AppSwarm describes itself as “an application incubation firm dedicated to acquiring applications for all forms of devices. We have resources most small firms or young entrepreneurs and application developers usually do not have to market applications the most effective way possible. We have agreements in place with major application stores so we can fast track projects. We offer complete, end-to-end services for mobile application development across all major platforms including Apple iPhone, RIM’s BlackBerry, Google’s Android, as well as Microsoft’s Windows Mobile. With our extensive experience in the mobile space, we can not only give applications a technical hand, but can be a strategic partner in leveraging this dynamic mobile world towards increased business efficiency and effectiveness.”

Last week, AppSwarm announced that it had acquired “Avenging Soldiers” from mobile games developer Freak X Apps. The company said in the press release that “Avenging Soldiers is a fast-paced, action combat game designed for smart phones and tablets. Players must battle across 8 exciting levels to discover the 3 hidden keys, shoot the enemies, and stay alive. But you need to be fast – there is a limited time to complete each level. With 4 different characters and 5 weapons to choose from, Avenging Soldiers is sure to keep gamers coming back for more. Avenging Soldiers is scheduled to be released in the app stores next month, available on iPhone, Android, and tablet.” AppSwarm CEO Ron Brewer said:

“Avenging Soldiers is amazingly fun, fast, and addictive. It’s a classic run, jump, shoot platform game, the likes of Mario Bros, Mega Man, and Contra. The team at Freak X did a fantastic job developing quality visuals, precise controls, and physics-based game play. It’s a timeless arcade game theme that is sure to keep gamers of all ages entertained for hours.”
AppSwarm has also been granted the exclusive worldwide distribution and publication rights to the mobile game “Dead Uncleansed” on the iOS and Android formats. In addition, AppSwarm acquired a suite of 19 games from a United Kingdom application firm back in June. The company said that “AppSwarm has acquired a series of previously released games that are ready for updating and re-release as new products for the mobile and tablet market. This gives AppSwarm the exciting opportunity to quickly launch a stream of games and apps. We are currently evaluating all the source code and art assets we have received from these games to ascertain the most lucrative products to update to Apple and Google’s latest phones and tablet releases.”

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No doubt some of the volume and trading in AppSwarm has been affected by the volatility in Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY). Investors ended up questioning how much Nintendo will really make off Pokemo that the run-up in price was an overreaction. We believe many asked the same about AppSwarm. This is especially true when you consider the company’s financials. In the quarter ending March 2016, AppSwarm reported just $11k in revenues, zero profits, $1000 in cash, $25k in total assets, and $1.2 million in total liabilities. So you tell us, is AppSwarm worth $200 million plus or even $108 million at current levels? We’ll let the market decide. For the latest updates on SWRM, sign up for our free small cap newsletter today!

Disclosure: We have no position in SWRM and have not been compensated for this article.

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