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I can see the market cap of this company growing by 500% by the end of the year now if that's not good then maybe you need to go elsewhere.
Who cares about the reverse split when this thing reverse split I'm sure they'll be good news alone with it and I do not see it going much lower even after reverse split market cap will go up. GO ICLD$$$$$$$
Very close on the close just one away.
I think it stays in this tight trading range that we're in, there's too much interest in the stock for it to go much lower.
When the big announcement comes we'll see who's losing money then. LONG ICLD$$$$$$$
Investors are not wanting to pay the ask price here just looking to get in at a lower price but I do believe they will eventually have to pay that ask and this thing will move forward as we go along.
It just goes to show that the strong hands are in control now. GO PLSB
I like what I see it is a fight between the Bears and the Bulls and the Bulls will win.
I think you are low on your 5x time I look at this company is going to really grow through the summer and I know for a fact that a lot of these energy drinks and the Big G are down on their sales as more people look for more nutritional drinks for the body needs these nutritional things and people look more for the better quality of product and Cabana fits that.
This goes to show just how liquid their non-core assets are and I do believe after the middle of July when the company and employees can exercise stock options we are going to see another big asset sell and it's probably in the working at this time.
Some like to gamble and do get burned at times.
I do believe this stock is ready to take off and make a short run and that will hold their and also they're nowhere near closing the doors and if you want to really look monster started out at the bottom, they traded pennies for years before they actually made a big move in the market.
The brand that they have been building over the last three years it will show great improvement by the end of the year.
There is definitely a lot of interest in this stock as they are building out this new service brand and I do believe it will become well-known and service is going to do real good.
I see a short squeeze coming and it's going to hold with them just entering markets in New York, new distributors in Illinois and also Wisconsin maybe a small state but it has big metropolitan areas. Cabana will grow this company and they will add even more products.
I look at this company is being well-managed a lot of these companies will do this rinse and wash reverse stock splits which they have not actually done they have done a very good job and I think you will see good things ahead and this authorized share count that they increased they only did this because Old Main wanted that.
Let's get this train rolling down the track we have a real good conductor guiding this thing. GO ICLD LONG AND STONG$$$$$$$$
I look at the sales PR for early March which left a good more than three weeks I'm sure that the sales were even good during that period. As for going forward over the years they have been pretty conservative as dilution concerns the company I believe the management has done the best that they have been able to do I look for sells to increase tremendously this year with them entering into new markets around the United States and there is plenty more room for growth in even more markets.
Thank you for your time and comments that you have made and I would like to wish you the best stay positive it will lead to good things.
I seen a rotation out of weaker hands to Stronger hands and I do believe that this will move forward sells will increase. I think that the first quarter report will be fairly decent. The PR released in March was early so the rest of the month may have produced good sells. I'm in and long.
I don't think Old Main would sell at these prices knowing that it is going back to PennyLand.
Just hold tight and long I'm sure the company is working on a good PR for this market cap does not bode well for the company at these levels.
Not even a comparison between businesses intercloud has revenue and one big contract announcement to say 3 million or more this stock will fly high.
I was hoping for more in Revenue but I will not be disappointed with what we did get.If we look at Adex Corporation at the end of April posted like 20 new jobs in different Geographic strategic areas of the United States for selling purposes and if we look into the 10-q which is unaudited the loss per share was just $0.04 and that's based on 283 million shares and on page 15 of the 10-q it states that they are adding selling personnel. I will hold long and add more.
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InterCloud Systems Reports First Quarter 2017 Results
May. 12, 2017 6:20 PM
Cost cutting continues as ICLD focuses on core business units
Salaries and Wages decline 20%
Selling, General and Administrative Expenses decline 10%
SHREWSBURY, N.J., May 12, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (ICLD) (the "Company" or "InterCloud") (OTCQB:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today reported financial results for the First Quarter of 2017.
Mark Munro, Chairman and CEO of InterCloud, stated, “InterCloud continues to restructure. During the first quarter of 2017, the Company reduced senior secured debt by approximately $4.2 million and reduced subordinated debt by $4.1 million for total quarterly debt reduction of more than $8.3 million. Although our revenues declined during the Quarter while we restructured, we substantially reduced our operating expenses, as salaries and wages were reduced by 20% and our SG&A declined by approximately 10%. We will continue to focus on cutting costs, selling non-core assets and becoming a smaller but cash flow positive company."
1st Quarter Financial Highlights:
Revenue for the first quarter ended March 31, 2017 declined 21% to $14.0 million, compared to $17.6 million for 2016. This was the result of a decline in our managed services business segment offset by a small increase in our application and infrastructure segment.
Gross profit was 24% for the quarter ended March 31, 2017 and 25% for 2016. Gross profit declined slightly to $3.4 million compared to $4.4 million in 2016. Decreases in gross profit in our managed services segment were offset by increases in our application and infrastructure segment. The gross profit percentage in the managed services and application and infrastructure segments were 21% and 27%, respectively, for the quarters ended March 31, 2017 and 2016.
The Company had a net loss attributable to common stockholders of $(14.2) million for the quarter ended March 31, 2017 compared to a net loss of $(4.3) million for the comparable period of 2016. The increase in net loss during the quarter ended March 31, 2017 compared to the comparable period of 2016 resulted from goodwill and intangible asset impairment charges of $3.9 million in 2017 compared to no charges in 2016. Additionally, the increase resulted from an increase in the change in fair value of derivative instruments of $5.3 million. Offsetting this increase, salaries and wages and selling, general and administrative expense declined $1.2 million in the first quarter of 2017 compared to 2016. Salaries and wages includes non-cash stock compensation expense of $0.5 million for the quarter ended March 31, 2017 compared to $0.7 million for the comparable period of 2016.
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a cloud computing company which provides end-to-end information technology (IT) and next-generation network solutions including Software Defined Networking (SDN) and Network Function Virtualization (NFV) orchestration to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
Forward Looking Statements
Statements in this press release regarding InterCloud that are not historical facts are forward- looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “predicts,” “potential,” or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In addition to the risks described above, these risks and uncertainties include: our ability to successfully execute our business strategies, including integration of the recent acquisitions of AW Solutions, Inc., Integration Partners-NY Corporation, RentVM, Inc. and VaultLogix, LLC and the future acquisition of other businesses to grow our company; customers’ cancellation on short notice of master service agreements from which we derive a significant portion of our revenue or our failure to renew such master service agreements on favorable terms or at all; our ability to attract and retain key personnel and skilled labor to meet the requirements of our labor-intensive business or labor difficulties which could have an effect on our ability to bid for and successfully complete contracts; our failure to compete effectively in our highly competitive industry could reduce the number of new contracts awarded to us or adversely affect our market share and harm our financial performance; our ability to adopt and master new technologies and adjust certain fixed costs and expenses to adapt to our industry’s and customers’ evolving demands; our history of losses, deficiency in working capital and a stockholders’ deficit and our ability to achieve sustained profitability; material weaknesses in our internal control over financial reporting and our ability to maintain effective controls over financial reporting in the future; our substantial indebtedness could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations; the impact of new or changed laws, regulations or other industry standards that could adversely affect our ability to conduct our business; and changes in general market, economic and political conditions in the United States and global economies or financial markets, including those resulting from natural or man-made disasters.
These forward-looking statements represent our estimates and assumptions only as of the date of this release and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this release. Given these uncertainties, you should not place undue reliance on these forward-looking statements and should consider various factors, including the risks described, among other places, in our most recent Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q, as well as any amendments thereto, filed with the SEC.
Consolidated Statement of Operations
(Dollar amounts in thousands, except per share data)
For the three months ended
March 31,
2017 2016
Revenues $ 13,950 $ 17,629
Gross Profit 3,367 4,414
Operating Expenses 10,631 7,956
Loss from operations (7,264 ) (3,542 )
Other expense, net (7,212 ) (2,384 )
Loss from continuing operations before income taxes (14,476 ) (5,926 )
Provision for (benefit from) income taxes (239 ) 60
Net loss from continuing operations (14,237 ) (5,986 )
Gain from discontinued operations, net of tax - 1,663
Net loss attributable to non-controlling interest 17 15
Net loss attributable to InterCloud Systems, Inc.'s common stockholders $ (14,220 ) $ (4,308 )
Net loss per share, basic and diluted $ (0.05 ) $ (0.14 )
Weighted average common shares outstanding, basic and diluted 283,269,674 29,903,553
Selected Balance Sheet Data
(Dollar amounts in thousands, except per share data)
March 31, December 31,
2017 2016
Cash $ 816 $ 1,790
Accounts receivable, net 11,647 13,952
Total current assets 15,311 18,389
Goodwill and intangible assets 27,852 35,391
Total assets 43,811 54,569
Total current liabilities 63,297 57,802
Other liabilities, including long-term debt 5,158 12,810
Stockholders' deficit (24,644 ) (16,043 )
CONTACT: Investor Relations
InterCloud Systems, Inc.
561.988.1988
https://resource.globenewswire.com/Resource/Download/330e2b10-57ee-4d32-842a-1f9a9f464ad3?size=1
Source: InterCloud Systems, Inc. 2017 GlobeNewswire, Inc.
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Rise and Shine high ICLD you are a winner short-term or long-term. Go ICLD
They have 45 days after the quarter to release their earnings report and this suit has nothing to do with this report it will be done on another report down the road and if they do not file 45 days after we should see an extension.
I watch ownership of the stock and I seen where it changed from 58.2K to 138.6K on 5/5/2017.
I'm sure that the company will have some significant announcements to make and if we look at Microsoft azure was up 93% for the first quarter and Juniper's contrail was really high to for the first quarter. I'm sure that they're going to have a very good quarter and with the sale of the adex high-wire division I think we're going to be looking at 23 million plus for the quarter and debt reduction. Will be good for all.
Now that's 2 institutional buyers in about a week 1 new and 1 added shares and you know they've done their due diligence and are looking at this stock to be worth their time.
No doubt in my mind that kept this thing really low just accumulating all that they can get.
That's a drop in the bucket what I've got into the stock but I'm sure by the end of the year we are going to be at a 60 million or more market cap on this. This is a good play.
So they added just a little over 80,000 shares.
Not Wilshire but Guggenheim Investments. They went from 58.2 Kirby to 138.6 K today, it shows in my ETrade account as I keep an eye on this.
Wilshire micro-cap ETF has bought more shares in ICLD.
Then we should see an extension form filed in the next few days.
You didn't miss the sale it's still on sale.
Just a little over 1% of the stock has traded today they are not getting very much at these prices.
ICLD, ADEX CORP. https://adextelecom.com