FORM Holdings Corp. (FH.O) for Tuesday 8/9/2016

 

The selling into, and past, FORM Holdings Corp. (FH.O) “unconfirmed” Q2’2016 Financial Report date of Thursday 8/4/2016, with more selling on Friday 8/5/2016  … backfired.   You can’t say I didn’t tell you so … winking smiley  because the “retracement numbers” and the “pull back” numbers I cautioned readers about, were telling us so ….    FORM Holdings Corp. (FH.O) Financial Report pointed to growth in multiple areas and came with expectation of revenues increases, again from multiple areas.   The report also brought news of an acquisition (to be subject of another article) …

First, this blog is for self-motivated individuals doing their own homework, after all, it is YOUR MONEY,  … below you will find select information for speculative (less than $5 per share, and/or less than $100 Million Market Cap) stock  FORM Holdings Corp. Common Stock (NASDAQ: FH.O) formerly Vringo Inc. (VRNG) as of Monday (8/8/2016), including daily, weekly, and monthly (d-w-m) charts, with observations, analysis, and sometimes my humble opinion (IMHO) on those observations and analyses, along with the Pivot Points, Support and Resistance for Monday 8/8/2016 thru Friday, 8/12/2016, to be updated as, or if, appropriate, and as calculated from the changes in prices through Monday (8/8/2016) …

  • FORM Holdings Corp. (FH.O) thru Monday’s (8/8/2016) close
  •   $2.10  +0.11 (5.53%)  Aug 8, 4:00 PM EDT
  • After Hours: $2.40 +0.30 (14.29%)  Aug 8, 5:00 PM EDT  (AH Volume 4500 shares)

About FORM Holdings Corp.

 FORM Holdings Corp. is a diversified technology company engaged in the innovation, development, commercialization and monetization of three operating segments: FLI Charge, Group Mobile, and Intellectual Property. FLI Charge is dedicated to the licensing and commercialization of wire-free power technologies. Group Mobile is dedicated to the marketing and sale of rugged computing devices. Intellectual Property consists of a portfolio of more than 600 patents and patent applications covering telecom infrastructure, internet search, ad-insertion, mobile and wire-free charging technologies; visit: http://www.formholdings.com | http://www.flicharge.com | http://www.groupmobile.com
    ————————————-

 I.    FORM HOLDINGS ANNOUNCES 2016 Q2 OPERATING RESULTS

Conference Call Scheduled  Monday (8/8/2016) at 4:30 pm Eastern Time
  Financial Report items of note:
  1.  FH generated total revenue of $11.4 million for the quarter ended June 30, 2016 compared to no revenue generated for the quarter ended June 30, 2015.
  2. As of June 30, 2016, FH had $27.4 million of cash and cash equivalents and $0.5 million of accounts receivable.
  3.  On July 1, 2016, we exercised an early repayment option and repaid $2.1 million of debt. As of August 8, 2016, we have approximately $24.3 million of cash and cash equivalents and $0.4 million of accounts receivable.
  4.  The company expects to file its Form 10-Q for the quarter ended June 30, 2016 on or before August 15, 2016.
  I a.  FORM Holdings Corp. (FH.O) segment performance
  •  For the quarter ended June 30, 2016, our Group Mobile operating segment generated $2.5 million of revenue. This represents a 92% increase as compared to the first quarter of 2016 and a 35% increase over revenue for the same period in 2015. In addition, Group Mobile’s bookings increased 48% compared to the same period in 2015. We are updating our revenue guidance for 2016 to $12.5 million, which represents an approximate 135% increase over 2015 revenues of $5.3 million. This increase is based on a number of anticipated Fortune 500 enterprise customer orders as well as law enforcement issued body-worn and in-car video system orders. Group Mobile continues to expand its offerings beyond rugged hardware sales to include full technology services offerings and additional products and services.
  •  Our FLI Charge operating segment launched its consumer product line on Indiegogo, a crowdfunding platform, on June 15, 2016 and has generated approximately $200,000 of pre-sales in the form of orders, ranking FLI Charge’s campaign in the top 400, or the top one-tenth of one percent of the more than 500,000 campaigns that have launched on Indiegogo since its inception. Tooling for FLI Charge’s product line is complete and manufacturing inventory has commenced. FLI Charge is expected to begin fulfilling orders in October 2016.
  •  Our intellectual property (Vringo) operating segment generated $8.9 million of revenue for the quarter ended June 30, 2016 from a one-time licensing payment.
FORM Holdings Corp. (FH.O) Financial Call Replay
An audio webcast of the conference call will be available within the “Presentations” section of the Company’s investor relations website shortly after the end of the conference call.
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 Previous related blogs:
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 III.   FORM Holdings Corp. (Vringo)(FH.O)  Charts (d-w-m)

   Observation, Analysis, and Opinions (IMHO) of FORM Holdings Corp. (FH.O) (formerly Vringo, VRNG) Daily, Weekly, Monthly, (d-w-m) chart activity through Monday’s (8/8/2016)  close at   $2.10  +0.11  (+5.53%)
   The current trend is down and all orders on the short side may be considered.  If already holding short positions, look to take partial profits on any retracement to 2.50. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 2.57.  Be prepared for a potential short term price rally back to the 2.23  area.
Suggested placement of capital conserving stops:
If Long — exit all contracts at …      1.96
If Short — exit all contracts at …      2.57
   Note: … the retracement calculations point to upside, not downside.  Even the “pull back” numbers point to upside, not downside.  These are Contrarian Bullish indications.
  —–
fh 20160808d
Chart #1 (above, daily, PP-Sup-Res)   FORM Holdings Corp. (Vringo)(FH.O) Note the formation of “the Claw” in the Daily chart above.  The formation occurs when the Resistances (r1, r2) * AND * the Supports (s1, s2) converge to the Pivot Point.  This formation “suggests” a big move is coming, Bullish or Bearish, up or down, and that I NEED to do more homework …
  •   :: Pivot point   2.07
  •   Support (s1)  2.00       Support (s2)  1.91
  •   Resistance (r1) 2.16   Resistance (r2)  2.23
  •   Simple Moving Average (Close 50):   $2.07    (uptrend)
  •   Simple Moving Average (Close 200):  $2.20   (downtrend)

Additional FORM Holdings Corp. (Vringo)(FH.O) DAILY chart info:

  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note:prices are vulnerable to a correction rally towards 2.13.
  • The upper projected target is: 2.35.
  • The lower projected target is: 1.86.
  • The projected closing price is: 2.10.
Note:    these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
      ——————————–

-–  Monday, 8/8/2016   thru    Friday 8/12/2016  ——

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