3) The ATM offering has terminated and, as a result, Helios is no longer using an ATM offering to raise capital and has not used the ATM since August 27, 2018.
MoviePass Segment revenues increased $7.2 million, or 9.8%, from $73.3 million to $80.5 million, in the quarter ended September 30, 2018 as compared to the prior quarter ended June 30, 2018. The increase is primarily driven by MoviePass, which generated $79.9 million during the quarter ended September 30, 2018 as compared to $72.8 million during the prior quarter ended June 30, 2018, an increase of $7.1 million, or 9.8%.
B)OPERATING LOSS DECREASED TO $28.5 MILLION FROM $104.7 MILLION
MoviePass Segment gross margin improved $76.2 million, or 72.8%, from a loss of $104.7 million to a loss of $28.5 million, in the quarter ended September 30, 2018 as compared to the prior quarter ended June 30, 2018, driven primarily by MoviePass, whose gross margin improved by $75.5 million, or 70.6%.
C)MONTHLY USAGE PER SUBSCRIBER REDUCED TO .77 FROM 2.22
Average monthly usage per subscriber was dramatically reduced to .77 movies per month in September 2018, as compared to 2.22 movies per month in April 2018 (see graphic).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.