But it was still losing $7.4 million on $6.8 million in revenue. cash received in lieu of a fractional share of our. Helios may not have been losing "$146 million a year" before MoviePass, true. 2,000 shares of common stock reserved for issuance to Helios and Matheson Information Technology Ltd. First and foremost, even after spinning off MoviePass, Helios envisions "HMNY retaining control of MoviePass Entertainment upon any such distribution." Thus, while separated from MoviePass in the public's perception, Helios would presumably still be responsible for MoviePass' continuing losses.Īnd second - to be blunt, Helios and Matheson was never that great of a business to begin with. But separated from Helios, MoviePass' difficulties would no longer taint the results of its current parent - or as CEO Ted Farnsworth put it: "The market perception of HMNY might benefit from separating our movie-related assets from the rest of our company." Now whatĪssuming this plan is followed to completion, does it make Helios and Matheson stock a "buy?" as separate public company." Presumably, absent additional changes to the business model, this would still be a money-losing company. Shares of troubled MoviePass owner Helios and Matheson Analytics () are undergoing a curious revival in Wednesday-afternoon trading, up 15.9 as of 12:55 p.m. In an 8-K filing with the Securities and. ![]() Seeking to correct that error, this morning Helios and Matheson announced it's exploring a plan "to spin off MoviePass. What's happening The shares of one of this fall's hottest stocks, Helios and Matheson Analytics Inc (), are currently down about 15 as of 12 p.m. But halfway through 2017, the company revamped its business model by acquiring a majority stake in all-you-can-eat movie subscription service MoviePass, and by the end of that year, Helios's losses had ballooned to $146 million - which kind of suggests that buying MoviePass was a mistake. ![]() In 2016, data analytics company Helios and Matheson reported a $7.4 million net loss on $6.8 million in revenue - admittedly, not a great result. Helios and Matheson Analytics is looking to push additional capital into its prime and wildly popular asset, MoviePass, by raising money in a new stock sale that appears to be giving Wall Street fits. Surprise! Helios and Matheson prepares to toss MoviePass overboard. Cartoon pirate forcing businessman to walk the plank A strongly positive sentiment about a stock pushes the stock price up, and therefore the P/E moves higher (investors have to pay more money for an equivalent Rs. See the latest Helios and Matheson Analytics Inc stock price (PINX:HMNY), related news, valuation, dividends and more to help you make your investing decisions.
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