MoSys Inc. (NASDAQ:MOSY) Trades at Discount to Cash Holdings

MoSys Inc. (NASDAQ:MOSY)

MoSys Inc. (NASDAQ:MOSY) shares rebounded from their downtrend to gain over 34% for the day. MOSY shares ended Monday’s trading at $0.61 and shot up after today’s open before retreating, and then rebounding again to close at $0.82. Volumes were five times their 30-day, daily average.

The Performance Numbers

Shares of MoSys Inc. (NASDAQ:MOSY) are up over 18% for the week, and up almost 4% for the month. However, that performance betrays the long-term trend. YTD, MOSY shares are down almost 65% and for the year are down over 75%. MoSys Inc. (NASDAQ:MOSY) has had its market capitalization cut by two-thirds over the past three months as MOSY shares make new 52-week lows on a regular basis. That performance makes MOSY’s Relative Strength Index (RSI) score of 44.5 all the more curious. Despite the dismal stock performance, MOSY’s RSI figure is not in “oversold” territory. Most investors and traders consider an RSI score of 30 or below to generate an “oversold” condition on the stock. So does MOSY have lower to go still?

Trading at a Discount to Cash?

One factor in its favor is MoSys Inc. (NASDAQ:MOSY) cash/share figure. That currently is posted at $0.83/share. So, if the number is accurate, MOSY shares, at $0.82, are now trading at a $0.01 discount to the company’s cash holdings. MoSys Inc. (NASDAQ:MOSY) does have total liabilities posted at $11.24 million but total assets are $22.33 million which gives a stockholder equity number of $11.09 million. So is MOSY trading at a discount to its cash holdings?

MoSys Inc. (NASDAQ:MOSY) was founded in 1991 and is headquartered in Santa Clara, CA. The company develops and sells integrated circuits for the high-speed networking, digital storage, communications, and computing markets. The space MoSys Inc. (NASDAQ:MOSY) does business in is competitive and, unfortunately, MOSY shares stand out as the largest underachievers in the sector. Their earnings tell a similar story. Since 2012, MOSY shareholders have experienced a loss each year. In 2012 the EPS loss was (-$7.05). That was followed by yearly losses of (-$5.48), (-$6.60), (-$5.04), and, for 2016, (-$4.86). And those numbers tell the real story for MoSys Inc. (NASDAQ:MOSY) – if you are in the technology field and cannot produce a profit, investors have a slew of companies to choose from that can and do.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $MOSY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Gravity Immaterial for Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) is up over 90% since the May 8th closing price of $4.03. Today CAMT closed at $7.67 – an all-time high. Today’s volumes were massive. Over 2.7 million shares traded hands for a stock that has a 30-day, daily average volume of less than 285,000.

Performance History

The upward move began in June of 2016 when shares could be bought for under $2.00. In the 12 months that have followed, CAMT prices have finished the month lower than they began only three times. YTD, the NASDAQ Composite Index has gained 20.57% while CAMT has gained over 133%. In the past year, CAMT has gained over 285% while the NASDAQ has gained just 29.8%. Camtek LTD. (NASDAQ:CAMT) shares have a Relative Strength Index (RSI) of over 91. That is serious nosebleed territory when one considers that an RSI figure of 70 is generally regarded as the level when a stock is indicated to have begun entering “overbought” territory.

What Camtek Does

Founded in 1987, Camtek LTD. (NASDAQ:CAMT) is a technology-based company with headquarters and operations in Israel. Camtek designs, develops, and markets automated optical inspection (AOI) equipment for use in the manufacture of semiconductor wafers, integrated circuit substrates, and printed circuit boards. The AOI systems are used to detect defects that may have happened in the manufacturing process. Camtek also is in the business of providing ink technology products for the electronic manufacturing sector. Camtek markets its products globally.

How The Move Began

According to Zack’s Research, quarterly earnings per share were estimated at around $0.06 per share one month ago but those estimates are now 50% higher at $0.09 per share. For the year, Zack’s consensus estimates have been raised from $0.28 EPS to $0.36 EPS. Should Camtek LTD. (NASDAQ:CAMT) hit those figures it would be quite a gain from 2015 when shareholders experienced an EPS loss of (-$0.30) but were followed up in 2016 with a profit of $0.13 EPS. Sales have improved each and every year since 2012 when Camtek LTD. (NASDAQ:CAMT) reported sales of $84.5 million. By 2016 sales were reported at $109.5 million.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $CAMT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) Obtains Chinese Business Operating License

ChinaCache International Holdings Ltd (NASDAQ:CCIH)

ChinaCache International Holdings Ltd (NASDAQ:CCIH) growth prospects in China have received a major boost after the company was awarded a Content Delivery Network (CDN) business operating license. The license, issued by the Ministry of Industry and Information Technology, allows the company to operate four types of value-added telecommunication businesses in the country.

CDN License

The provider of internet content and application delivery services can now operate CDN businesses all over the country in addition to Internet Data Centers in four municipalities. The company has also been given the go-ahead to set up a VPN businesses in two municipalities and six other cities under the authority of the central government.

“We are pleased to receive the new CDN license that covers both the CDN and the IDC businesses and provides us with a distinct competitive advantage as we further deliver customized total solution services to our customers. We received the first CDN license in China from the Chinese government in 2002 and the new license reaffirms the quality of our service and technology. Starting January 1, 2018, companies without CDN licenses will be prohibited from providing CDN services in China,” said CEO, Mr. Song Wang.

NASDAQ Delinquency Notice

Expansion in China comes at a time when ChinaCache International Holdings Ltd (NASDAQ:CCIH) is facing an uncertain future in the U.S having been hit by a delinquency notification from the NASDAQ market exchange. The delinquency notification is in response to the company’s failure to timely file its annual report for the year ending December 31, 2016.

The company has since been given 60 days to submit a plan on how it plans to regain compliance with the NASDAQ rules. The delinquency notice does not have an immediate impact on the company’s exchange listing. However, the stock could come under scrutiny if shares of CCIH stay below the $1 a share level.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) reported net revenues of $37.9 million for its Q4 2016. Full year net revenue came in at $151.8 million. Net loss for the quarter came in at (-$22.3) million full year net loss, having widened to (-$71.5) million. For the full year FY2017, the company expects net revenue of between $170 million and $178.6 million.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) was a big mover in Friday’s trading session having rallied by 26.12% to close the day at $1.69 a share. The stock is currently trading in a tight range between $1.40 and $1.78 a share, below its 52-week high of $7.44 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CCIH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Hortonworks Inc (NASDAQ:HDP) Maintains Upward Trajectory

Hortonworks Inc (NASDAQ:HDP)

Hortonworks Inc (NASDAQ:HDP) has had an impressive 2017 start with $56.0 million in quarterly GAAP revenue for Q1 2017. This represents a 35% increase from what the company reported in Q1 2016.

Hortonworks seem to reaping big from its cloud business. The company has for the past few years been involved in offering cloud and data management to clients. The company has been a major player in Hadoop market which hit $7.69 billion in 2016 according to Zion Market Research. The market is poised for a 50% growth over the coming years and is expected to worth $87.14 billion in 2022.

The company reported $38.1 million in GAAP gross profit in Q1 2017 compared to $25.0 million that was reported in Q1 2016. Non-GAAP gross profit amounted to $39.5 million in Q1 2017 compared to $26.3 million reported a year ago. Hortonworks reported a much higher GAAP gross margin of 68% compared to 60% reported a year ago. Non-GAAP gross margin rose to 71% from the 64% reported in Q1 2016.

Hortonworks Inc (NASDAQ:HDP)’s impressive quarterly results were also reflected by a decrease in GAAP operating loss to $54.4 million from the $65.3 million that was reported in Q1 2016. Quarterly Non-GAAP operating loss amounted to $30.5 million in Q1 2017 representing a slight drop from the $34.9 million reported a year ago. During the quarter, GAAP operating margin stood at 97% compared to -158% reported in Q1 2016. The company reported -54% in Non-GAAP operating margin versus -84% reported in Q12016.

There was a significant drop in GAAP net loss in Q1 2017 with the company reported (-$54.8) million or (-$0.89) per share down from the (-$65.8) million or (-$1.26) per share reported in Q1 2016. Non-GAAP net loss amounted to (-$30.9) million or (-$0.50) per share down from (-$35.4) million or (-$0.68) per share reported in Q1 2016.

Hortonworks Inc (NASDAQ:HDP) reported a 7% increase in deferred revenue to $198.2 million compared to $185.4 million that the company reported at the close of the last financial year. It also represents a 66% increase from the $119.1 reported in Q12016.

At the close of the quarter, the company’s cashbook had $83.4 million in cash and short term investments a drop from $89.2 million that the company had at the close of the last financial year and $149 million at the close of Q12016. Operating cash for the quarter amounted to $9.0 million compared to $35.7 million reported in Q12016.

While commenting to these results, Hortonworks Inc (NASDAQ:HDP) chief executive officer and Chairman, Rob Bearden, said the company has reported very good results in the first quarter and they hope to maintain the momentum in the coming quarters and in the full year results. He added that the company reported improvement in its customer base across healthcare analytics, food, mobile gaming, software security and financial services industries.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

SIGN UP FOR OUR FREE NEWSLETTER BELOW!

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

TiVo Corp (NASDAQ:TIVO) Renews Long-term Product And Intellectual Property License Deal With Frontier Communications

TiVo Corp (NASDAQ:TIVO)

TiVo Corp (NASDAQ:TIVO) has announced that Frontier Communications Corporation has signed a product license agreement and renewal of intellectual property license agreement. TiVo Corporation is a leading audience insight and entertainment technology company while Frontier Communications Corporation is one of the leading service providers in the United States.

According to the terms of the agreement, TiVo Corp (NASDAQ:TIVO) will become the exclusive provider of advertising services for all national advertising campaigns using Frontier Communications’ guide to interactive programming. TiVo will also license Frontier its intellectual property portfolios. Under TiVo Advertising, all advertising campaigns will be geared at harnessing maximum viewership and will be delivered to all Frontier subscribers in several high-end markets like Texas, California, and Florida.

As one of the leading provider of pay-TV in the U.S., Frontier Communications offers a portfolio of services to its customers including satellite video, voice, video, wireless Internet data, data security solutions, and business and home-based communication.

“Our relationship with Frontier is further testimony to how pay-TV providers use TiVo’s intellectual property and solutions to reach consumers in more innovative ways,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi Corporation, a TiVo company.

TiVo Corp (NASDAQ:TIVO) offers in-program, guide ads meant to convey unique experiences to its subscribers. The guides feature several ad options like recording reminders, tune-in promotions as well as “watch now” for video-on-demand (VOD). The company opens more revenue streams for service providers as well as offering easier and faster access to interesting content.

TiVo companies have several decades invested in research and development and offer some of the most unique and valuable intellectual property in the entertainment and media industry.

In yet another announcement, TiVo Corp (NASDAQ:TIVO) says Cable Onda has agreed to increase its offerings and will soon roll out the lasted TiVo Gateway DVR solution to its customers. Cable Onda is one of the leading providers of television services in Panama as well as a long-term partner of TiVo.

By using the TiVo Gateway DVR customers will have an open access to TiVo’s multi-room solution which complement and support Cable Onda’s TV offerings with over-the-top content. Among the content shared include YouTube, Netflix plus several additional apps. Existing customers will be able to upgrade and access a Cable Onda’s TV offerings, Discovery Dashboard, as well as a video on demand (VOD).

TiVo Corp (NASDAQ:TIVO) gained 14.02% in the previous trading session to close at $18.70 on a volume of 3.53 million shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

ParkerVision, Inc. (NASDAQ:PRKR) Reported A GAAP Net Loss Of (-$4.8) Million In Q1 2017

ParkerVision, Inc. (NASDAQ:PRKR)

ParkerVision, Inc. (NASDAQ:PRKR) has announced its financial results for the first quarter ended March 31, 2017. Jacksonville, FL-based ParkerVision, Inc. (NASDAQ:PRKR) specializes in the design, development and commercialization of radio-frequency (RF) technologies as well as products that enhance innovative wireless solutions.

ParkerVision, Inc. (NASDAQ:PRKR) announced the launching of a June marketing campaign to create awareness and raise demand for its new Wi-Fi product. The full-scale product launch is scheduled for Q3 2017.

The company’s infringement case against Apple (NASDAQ:AAPL) was heard on May 4, 2017 and a court ruling is expected on June 22, 2017. A second infringement case against Apple (NASDAQ:AAPL) is scheduled to be heard on June 29, 2017. Experts leave little doubt that victories in these cases would have immediate and pronounced effects on PRKR shares

The company reported $10 million from its recent sale of common stock at $2.46 per share. The company also regained its compliance with Nasdaq listing regulations in April this year.

ParkerVision, Inc. (NASDAQ:PRKR) Chairman and Chief Executive Officer, Jeffrey Parker, in a statement said the company’s launch of the new innovative Wi-Fi product is a milestone and takes a significant step in the company’s move to expand its market. He added that the market is expanding at a high rate and will soon hit the 100 million mark of connected households that use Wi-Fi. He expressed optimism that the new product will generate more revenue for the company and will offer a strong foundation for the development of the company’s strategic products.

On the financial front, ParkerVision, Inc. (NASDAQ:PRKR) reported a GAAP net loss of (-$4.8) million or (-$0.32) per share in Q12017. This is compared to a GAAP net loss of (-$5.1) million or (-$0.45) per share that was reported in the same period the previous financial year. The drop resulted from the company’s lower litigation expenses that were partially offset by costs incurred towards product development.

At the close of the quarter ended March 31, 2017, the company had $6.7 million in cash, cash equivalents, short term investments and restricted cash equivalents.

ParkerVision, Inc. (NASDAQ:PRKR) gained 3.33% in the previous trading session to close at $2.17 on a volume of 1.60 million shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

8×8, Inc. (NASDAQ:EGHT) Expands Global Cloud Communications Network

8×8, Inc. (NASDAQ:EGHT)

8×8, Inc. (NASDAQ:EGHT) has moved to expand its global cloud communications network with the signing of a new agreement partnership with IWG plc. The agreement expands the two companies existing contract for cloud-based unified communications to 13 new countries. The two have also agreed to provide a broad range of services to Regus customers after extending the term of their contract to 2020.

8×8 –IWG Agreement

The agreement provides a framework for the two companies to accelerate deployment of office centers in the U.S, UK, Ireland and Germany in addition to the 13 other countries. Regus clients will also be able to enjoy additional communications, collaboration and contact center services in addition to basic UC Service offerings.

“We want to provide our hundreds of thousands of business customers that currently utilize our traditional on-premises voice services with access to the most reliable and advanced cloud-based communications services available, including mobile apps, messaging, web, and video conferencing, collaboration and contact center. 8×8’s services have been instrumental thus far in advancing our global communications and contact center initiatives […],” said Chief information officer, Andre Sharpe.

Earnings Beat

The signing of the extended partnership with IWG plc. Comes on the heels of 8×8, Inc. (NASDAQ:EGHT) reporting fourth-quarter earnings that beat Wall Street estimates. The developer of world’s first communications cloud says it generated a net loss of (-$2.9) million or (-$0.03) a share. Analysts were expecting the company to post a net loss of (-$0.05) a share.

Revenues also beat Wall Street estimates, having increased by 16% to $66.5 million against analysts’ estimates of $65.6 million. Gross margin was also up having soared to 77% from 72% reported for the previous year.

For the full year FY2017, 8×8, Inc. (NASDAQ:EGHT) revenues totaled $253.4 million representing a 23% YoY increase. Service revenues from mid-market/enterprise customers also grew by 37% compared to last year same period. Net loss for the full year soared to (-$4.8) million compared to a net income of $21.6 million reported in F2016.

Full year gross margin improved to 75% compared to 73% in fiscal 2016. 8×8 cash and cash equivalent as of March 31, 2017, stood at $175 million compared to $163 million as of March 31, 2016.

The financial results according to the chief executive officer Vik Verma demonstrate ongoing growth in mid-market and enterprise business segments.

8×8, Inc. (NASDAQ:EGHT) stock was up by 2.66% in Friday’s trading session after ending the day at $13.5 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

 

Camtek LTD. (NASDAQ:CAMT) Edges Higher After Record Q1 Financial Results

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) continues to edge higher in the market as investor sentiment was bolstered by record first quarter financial results. The provider of automated and technological solutions says it generated a net profit of $3.3 million in the quarter up from a net income of $24,000 in Q1 2016.

Record Q1 Financials

Camtek LTD. (NASDAQ:CAMT)’s revenues in the quarter were up by 26% – coming in at $30.8 million, compared to revenues of $24.5 million reported last year. Gross profit on a GAAP basis totaled $14.8 million compared to $10.3 million as of Q1 2016 and $13.4 million in the fourth quarter.

Operating profit in the quarter soared to $3.9 million, representing 12.6% of total revenues, from $0.4 million as of the first quarter of last year. Camtek LTD. (NASDAQ:CAMT)’s cash and cash equivalent as of the end of the quarter totaled $24.3 million up from $19.7 million as of December 31, 2016.

“This is an excellent start to 2017, which demonstrates we are executing well on our strategy and plans. Our results mark the best quarter in our history from the revenue standpoint, with exceptionally strong cash flow and a multi-year high in margins. Our solid performance was driven by strength across all our business parts and the advanced packaging market in particular that remains one of the fastest-growing segments of the semiconductor capital equipment space,” said CEO, Rafi Amit.

According to the CEO, Camtek LTD. (NASDAQ:CAMT) should continue to register robust growth in the second quarter given the current positive business environment. The executive expects revenue in the quarter to come in between $33 and $34 million pointing to another stellar year on the earnings front.

Shelf Registration

During the quarter Camtek LTD. (NASDAQ:CAMT) filed a shelf registration statement with the U.S Securities Exchange Commission. If approved, the company will be able to carry out public offerings of up to $50 million. Approval would also allow the company to sell up to 6 million of its ordinary shares. Net proceeds from the sale of ordinary shares would be received by the selling shareholders.

Camtek LTD. (NASDAQ:CAMT)’s impressive run in recent weeks has seen it register a new 52-week high in the market of $6.34 a share. The stock is currently trading in a range between $5.73 and $6.34 a share. In Thursday’s trading session, the stock rallied by 7.85% to close the day at $6.18 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

 

Brightcove Inc. (NASDAQ:BCOV) Turns To Machine Learning To Transform Digital Video Experience

Brightcove Inc. (NASDAQ:BCOV)

The desire of Brightcove Inc. (NASDAQ:BCOV) to revolutionize the digital video experience has received a major boost with the unveiling of the Enterprise Video Initiative. The initiative seeks to help digital marketers deliver the benefits of online video to their internal audience while also reducing costs.

The leading provider of cloud services for video, Brightcove says marketers will now be able to create engaging video experiences through the In-Page Experiences portal. The video cloud platform has also simplified the use of live-streaming for internal events via Brightcove Live. The platform will also come with audience profiles that allow users to capture and analyze individual video viewing data.

“ […] With today’s announcement, we have added to our platform the functionality every enterprise needs to safely and effectively use and manage video as a core communication utility across the enterprise for both internal and external audiences to drive business results,” said executive vice president Caren Cioffi.

Encoding Technology

The latest push to create extraordinary video experiences follows the unveiling of a new groundbreaking video compression technology that seeks to cut costs in addition to enhancing viewer experience. The Context Aware Encoding technology uses machine learning and deep video analysis to ensure optimum video quality.

The patent-pending technology will allow Brightcove Inc. (NASDAQ:BCOV) customers to maximize visual quality while also reducing storage and bandwidth requirements. Unlike other technologies, Context-Aware Encoding is designed to take into account broader context of video experience thereby creating a video experience unique to individual users.

The technology will also allow the reduction of delivery costs by up to 50%, perfect for Brightcove media customers that manage hundreds or thousands of videos. The company plans to achieve this by reducing the number of renditions created and optimizing video parameters such as resolution, frame rate, and codec parameters.

Executive vice president Anil Jain expects the new technology to go a long way on simplifying the transcoding process while guaranteeing users a unique video experience.

Q1 Financial Results

Separately, Brightcove Inc. (NASDAQ:BCOV) recently reported a 4% increase in its first-quarter revenue that came in at $37.6 million, compared to $36.3 million reported last year. Net loss in the quarter widened to $5.1 million from $1.6 million as of last year same period. The company exited the quarter with cash and cash equivalent amounting to $29.2 million, compared to $36.8 million as of December 31, 2016.

In Wednesday’s trading session Brightcove Inc. (NASDAQ:BCOV) slid by 0.82% to end the day at $6.05 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Shares of Helios and Matheson Analytics Inc. (NASDAQ:HMNY) Explode On New Facial Recognition Technology

Helios and Matheson Analytics Inc. (NASDAQ:HMNY)

Shares of Helios and Matheson Analytics Inc. (NASDAQ:HMNY) exploded in the market after the company announced it had acquired global licenses for a new facial recognition technology. The IsItYou rights are now expected to expand the company’s prospects in the field of crime and terrorism as it moves to integrate it into its navigation app RedZone map. The integration is also expected to enhance personal safety of the app’s users.

IsItYou-RedZone Map integration

The integration of IsItYou technology into RedZone’s artificial intelligence technology will help users identify people whose image they capture in smartphones camera or video. Identification will, however, be dependent on whether such data is available on RedZone’s data sources.

“Through artificial intelligence and facial recognition technology, we will seek to develop the capability to identify dangerous people entering an area and notify our users in real time. Sending notifications to our users of when their safety is more likely at risk, whether at a concert, in a shopping mall, or simply walking down the street, would greatly increase the utility of RedZone Map to our users,” said RedZone founder Ted Farnsworth.

Growing Demand for Personal Safety Apps

The two companies are already planning on developing a feature that will allow the RedZone map to identify dangerous people within a given locality. The feature will especially be of benefit in public places synonymous with large crowds. The same is, however, dependent on the company gaining access to publicly traded surveillance cameras that are usually operated by private enterprises and the government.

The licensing of the facial recognition technology should go a long way in validating the credibility of the RedZone map app. Since its launch, the app has incorporated a number of tools designed help monitor the user’s surroundings. The app has climbed to number 3 in the UK’ AppAnnie’s charts in all navigation categories.

Helios and Matheson Analytics Inc. (NASDAQ:HMNY)’s CEO believes the app will continue to grow in popularity as situational awareness becomes a big concern as people continue to look for ways to enhance personal safety. A sharp increase in violent crimes in big cities all but continues to fuel demand for apps that help people avoid high crime areas.

Helios and Matheson Analytics Inc. (NASDAQ:HMNY) stock was up 55.51% in Tuesday’s trading session, ending the day at $3.81 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.