Technology

Helios and Matheson Analytics Inc. (NASDAQ:HMNY) & RedZone Crime App Climbing Charts In Europe

Helios and Matheson Analytics Inc. (NASDAQ:HMNY)

Helios and Matheson Analytics Inc. (NASDAQ:HMNY), and RedZone crime reporting App RedZone Map, is gaining traction in the app charts days after debuting in London. The app has already climbed to the #3 spot in the U.K’s AppAnnie’s charts, in all navigation categories, right behind Google Maps and Waze.

RedZone Map

Developed in partnership with the India Institute of Technology, the app utilizes Twitter feed to provide real-time crime data. While utilizing RedZone’s Map proprietary technology, the app sources for raw crime data consequently dropping the information on user’s timelines.

The app has grown in popularity in part because it relies on several resources to provide real-time accurate crime data, which most users are finding useful. Some of the sources that the two companies are using to bolster the Apps data-base of real-time data include security firms, local and international law enforcement agencies, as well as first-hand user reports.

Helios and Matheson Analytics Inc. (NASDAQ:HMNY) and RedZone are currently working on enhancing the Apps capabilities. Initial plans include expanding the App’s capabilities beyond real-time crime reporting to steering users from riskier routes – all in the effort of offering safer navigation.

This is a game changer for RedZone,” said Ted Farnsworth, founder of RedZone. “The combination of the Twitter feed and our own internal proprietary social listening technology will enable us to bring one of the most sophisticated crime databases to our users, literally making it available at their fingertips.” said RedZone founder Ted Farnsworth

The rollout campaign has already touched ground in New York, Los Angeles, Chicago San Francisco, and Miami. The London expansion marks the first expansion for Helios and Matheson and RedZone in Europe.

Helios Matheson Disanointing Earnings

Helios and Matheson Analytics Inc. (NASDAQ:HMNY) last reported revenues of $1.15 million for Q4 2016 and a net loss of $6.18 million. Gross margins in the quarter were down to -3.20% in the quarter from 32.36% in the same quarter the previous year leading to the massive decline in earnings. It awaits to be seen the kind of earnings and revenue the company will post for its first quarter.

Helios and Matheson Analytics Inc. (NASDAQ:HMNY) has been a big disappointment in the market over the past 12 months, its stock having shed almost half its market value. The stock is currently trading at lows of $2.31 a share and is closing in on its 52-week lows of $1.03 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.

Previous ArticleNext Article
Monica has an undergraduate degree in Accounting and an MBA she earned - with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Leave a Reply

Your email address will not be published. Required fields are marked *