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Someone on this board keeps implying the Mr. B is going to be selling all of his 'freely available shares' as quickly as possible (something like 20% of his total).
If Mr. B thinks this company is going higher, why would he sell these shares right now (outside of maybe a few)?
If Mr. B thinks this company is going lower, he'll be dumping these shares as fast as he can.
Should be quite telling.
Let's keep track of that # and see how it fluctuates in the coming quarters.
Thanks for the link.
I sure hope you are right and they've done their DD.
That's a lot of shares...
It's pretty simple, some people have been paid by the company with stock vs cash (ie the dilution you keep talking about). Rather then hold that stock, they sell it into the market for $$. This dynamic will change within the next 3-6 months once the company reaches CFBE.
IF there was massive dilution (like you keep preaching) the SP would have cratered long ago. Since it hasn't, that means someone or many someone's are buying up the shares.
And what did your DD tell you? I'm sure 236 would love to hear it...
Every time I try to buy at the bid it gets moved up...
Interesting article...if they can actually do $10M in Revs this year the company is clearly undervalued. Let's see if they can actually execute.
Somewhat meaningless to me at the moment as I plan to hold at least until YE.
received my shares this afternoon with TDA
maybe...but it's a dog with fleas right now. Long term I think it could be a winner if DP doesn't get greedy.
if you believe what anyone on a message board writes that isn't verifiable then you shouldn't be reading message boards. This guy constantly writes how he 'added shares' or 'bought $14K more'...it's complete BS
what was the 200 day?
I highly doubt a 'scam' company would do this...it'll be interesting to see where we are come Q4.
Shares are probably getting 'transferred' this week (on a staggered basis) and we'll likely see an increase in volume as the week goes on. It'll be interesting to see if Big Block Trades start occurring in the next couple of weeks.
I've have TDA, same issue. Has anyone tried to buy shares?
New 8K out...One Screen deal is officially closed. They also have a lock up and leak out provision limiting th3 # of shares they can sell or transfer.
Now let's grow that revenue!!
No, you are the perfect 'gatekeeper' for exactly that reason.
It's a first b/c this is the first time they've really had the chance to do this...
actually I think it's very germane, but it's your $$ so invest however you want.
someone selling gifted shares?? hmmm....
I'd like to agree with you, but at the moment its tough to see how they deserve compensation in that amount. They haven't earned any money yet, simple as that.
Now if DP is able to produce growth ( and income) as he says he can then I'm all for it. I just think its a bit early to be giving away millions of dollars of shares at this stage of their growth.
Not sure what's funny about that...they just gifted themselves millions of dollars worth of shares for a company that might do $7.5M in sales this year.
The Form 4's scare me...saw the same thing with PHOT before it got suspended.
Not sure about that...if things go right they might be able to avoid a capital raise.
That was for this fiscal year (due to the flat Q1 to Q2 guidance)...I do believe they said that they are forecasting for 20% annual growth for future years, but I'll re-listen when I get the chance to confirm one way or another.
Best CC I've ever heard as a shareholder. While I don't like flat Q on Q guidance they did reiterate CFBE / Positive EBITA by Q3 along with 20% annual growth.
The CEO is deferring part of his salary this year and the entire board is deferring compensation for the next two quarters... I like that!
If they can produce another quarter of 25% sequential growth and hold or cut some additional costs they should reach CFBE this year.
At least they did what they said they would do this quarter. Hopefully we get a good conference call and good guidance going forward and they continue to execute.
Hipcricket Reports Fiscal First Quarter 2015 Results
Wed July 9, 2014 4:00 PM|Marketwire | About: HIPP
BELLEVUE, WA -- (Marketwired) -- 07/09/14 -- Hipcricket (HIPP) ® , Inc. (OTCBB: HIPP) (OTCQB: HIPP), a leader in mobile engagement and analytics, reported results for the first quarter ended May 31, 2014.
Fiscal Q1 2015 Highlights
Revenue up 25% to record $7.3 million
Gross profit increased 13% to $3.7 million
Bookings increased 38% year-over-year to $8.8 million
Backlog increased 7% to $20.4 million from the same year-ago period
Fiscal Q1 2015 Financial Results
Revenue for the first quarter of fiscal 2015 increased 25% to $7.3 million from $5.9 million in the same year-ago period. The increase was driven by new customers and the expansion of existing customer activity.
Revenue mix for the first quarter of fiscal 2015 was 42% from mobile marketing (derived from messaging, mobile web, and mobile applications) and 58% from mobile advertising (primarily derived from mobile brand advertising through agencies). This is compared to 64% from mobile marketing and 36% from mobile advertising in the same year-ago period.
In the first quarter of fiscal 2015, bookings (which the company defines as the dollar value of contracts signed, including new orders and renewals) were $8.8 million compared to $6.4 million in the same period of fiscal 2014. Approximately 73% of total bookings in fiscal Q1 2015 were new sales to existing and new customers, with the balance representing license renewals. The company's bookings can fluctuate from quarter-to-quarter, and renewals will vary primarily due to the timing of contract renewal dates.
Gross profit for the first quarter of fiscal 2015 was $3.7 million or 50% of revenue, compared to $3.3 million or 56% of revenue in the same year-ago period. The increase in gross profit was primarily due to a larger percentage of sales from mobile advertising.
Operating expenses for the first quarter of fiscal 2015 decreased 2% to $9.1 million from $9.3 million in the same year-ago period.
To provide greater insight into its operating expenses, the company reports a non-GAAP operating expense metric, which it defines as total operating expenses less impairment of goodwill, impairment of intangible assets and investments, share-based compensation, severance and related costs, depreciation and amortization. On this basis, non-GAAP operating expenses in the first quarter of fiscal 2015 totaled $6.7 million compared to $6.3 million in the same year-ago period.
Net loss for the first quarter of fiscal 2015 improved to $5.4 million or $(0.04) per share from a net loss of $6.0 million or $(0.05) per share in the same period of fiscal 2014. In the first quarter of fiscal 2015, earnings before non-cash charges (a non-GAAP term the company defines below) totaled a loss of $3.5 million, an improvement from a loss of $3.6 million in the same period of 2014. See further discussion of the company's use of non-GAAP terms and reconciliations to GAAP, below.
Management Commentary
"This quarter's record revenue was driven by both new customers and the expansion of existing customer activity," said Todd Wilson, Hipcricket's chairman and CEO. "The results also reflect the strategic decisions we made late last year to strengthen our sales team and further enhance our product offerings, like the new analytics features of our AD LIFE platform.
"My first initiative as CEO is to ensure we quickly get to EBITDA positive operations. In doing this, we are focusing our sales efforts on higher value customers, leveraging our technology staff to maintain and enhance our product offering, as well as consolidate certain non-core personnel positions.
"We are now aggressively implementing this plan, and expect to begin seeing the full effect on a quarterly basis in our fiscal third quarter. Given our outlook for a strong second half, we continue to believe that fiscal 2015 has the potential to be a year of double-digit revenue growth. We see this being driven by continued industry expansion, new customer acquisitions, and increased activity within our existing customer base of global companies and brands. Our operating plan calls for sustainable revenue growth beyond 2015, as we realize operational efficiencies and achieve positive operating EBITDA in the second half of the fiscal year."
Conference Call
Hipcricket will hold a conference call later today (July 9, 2014) to discuss these financial results. The company's chairman and interim CEO, Todd Wilson, and president and COO, Doug Stovall, will host the call starting at 4:30 p.m. Eastern time. A question and answer session will follow management's presentation.
VASTLY different growth rates...
Great post...thanks for the continued DD and sleuthing. I hope I can call you Sherlock Holmes in a few months ;)
lol...best post I've read all day.
Agreed, that's about 20% of the float...wondering if we hit bottom at .11 or if the flood gates stay open.
They aren't quite insolvent just yet, but they are close. They paid off Silicon Valley Bank the other week by using a factoring company for their new L.O.C.
HIPP really has only one or two more quarters before they have to reach CFBE (or heaven for bit turn a profit) b/c if they can't do that, no one will buy any more stock and they'll fail.
BTW - I haven't heard anything mentioned recently about their 'deal' with MM and the dropping of their respective lawsuits. I thought MM was going to be using HIPP's 'adlife' platform. Does anyone have info on this?
Newelong - The talk has been good so far, but talk will only get them so far. We need to start seeing some tangible progress Q after Q, otherwise everyone will start jumping ship.
I think the SP is going to stay somewhat range bound (around .11 per share) due to the merger strike price being at that number. I'd be a lot happier if there were a provision in the deal that reduced the # of shares necessary to complete the deal if their share price appreciated. Since they don't have that (at least that I can see) then there's no incentive to buy over .11 per share (unless they have a huge quarter this summer).
No worries, I don't think you are picking...
My guess is that he saw something of value in the old Mimvi Tech that was so highly touted. Beyond that, only Shareef knows.
Only Shareef knows why he chose Mimvi vs. a cleaner shell, but it is interesting that he chose a shell with a lot of 'hair' on it.
I doubt the SP moves much until the RM is effectuated and their next earnings come out.
At this point it's pretty simple...either they execute their business plan and are able to reach profitability this year or they'll go the way of Velti.