Folks the future of entertainment will be virtual for example
While virtual reality continues to be touted as the next frontier in tech, NextVR already is ahead of the game. The company has 23 patents granted and pending for the capture, compression, transmission and display of virtual reality content.
Adding to the buzz surrounding virtual reality, VR headset maker Oculus – which was acquired by Facebook last year for $2.3 billion – recently announced it will roll out its Rift headset for retail consumers in the first quarter of 2016. NextVR executives welcomed the news as the jolt the industry had been waiting for.
Tech entrepreneurs DJ Roller and David Cole, who founded NextVR in 2009, aspire to make it the Netflix of the virtual reality world. Last July, the company received $5 million in funding from Hong Kong-based Vectr Ventures.
A media company with deep roots in New York City today announced a $21 million investment from Russian billionaire Roman Abromovich and others.Also leading the round was Limelight Networks, joined by existing investors Jerusalem Venture Partners, GTI, former president and CEO of Sony Corporation of America, Mickey Schulhof, and Bob Pittman, chairman and CEO of iHeartMedia
Definitely!I think the next push will come with earnings.Seems to be stuck in this $4-$4.30 trading range at the moment.
$4.40 ish seems to be a bit of a hurdle.I am confident however an unexpected jump will occur soon
Will this week take us to a new high?I have a feeling it may.Some news would help matters.Its worth repeating that INAP in the same sector as llnw is an indicator of just how low Limelight is valued at the moment.
The Doldroms would be a good word to describe the stock price right now
I blame the shorts.Patience. If Bob Lento and co keep a steady course and increase revenues and decrease the loss per share then the upward trend is guaranteed
Long may it continue.Nothing but positive vibes so nowhere to go but up.I checked out INAP which is losing 77cents a share and is in a similar segment to llnw.INAP is just under 10 dollars so this gives us an idea of the upside potential
Sentiment: Strong Buy
If Robert Lento and team continue to deliver this has the potential to go a lot higher. Since he has taken over things have improved a lot
Not bad at all!
During the first quarter of 2014, revenue from Netflix was $4.9 million. Revenue was also negatively impacted in the first quarter of 2015 by changes in foreign currency of approximately $0.8 million. Adjusting for the impact of these items, our revenue increased by 19 percent.
GAAP gross margins were 39.0% in the first quarter of 2015, up 190 basis points from 37.1% in the first quarter of 2014.
On a GAAP basis, Limelight reported a net loss of $5.7 million or $0.06 per basic share for the first quarter of 2015, compared to a net loss of $7.6 million, or $0.08 per basic share in the first quarter of 2014.
Non-GAAP net loss was $2.4 million, or $0.02 per basic share for the first quarter of 2015, compared to a non-GAAP net loss of $4.4 million, or $0.04 per basic share in the first quarter of 2014.
EBITDA was negative $2.7 million for the first quarter of 2015 compared to negative $2.3 million for the first quarter of 2014. Adjusted EBITDA was $0.4 million for the first quarter of 2015 compared to $0.6 million for the first quarter of 2014.
Limelight purchased 0.3 million shares under its repurchase authorization in the open market during the first quarter of 2015 at an average price of $2.79, for a total of $1.0 million. Limelight has $9.5 million remaining under its previously announced repurchase authorization.
Limelight ended the first quarter with 533 employees, up from 520 employees at the end of the fourth quarter of 2014, and up from 472 employees in the year ago period.
For the full-year 2015, based on improving operating and market conditions, Limelight is raising revenue guidance to between $164 and $170 million from earlier guidance of between $156 and $164 million. Non-GAAP net loss is now expected to be between $0.08 and $0.18 per share, an improvement from the earlier guidance of a loss of between $0.10 and $0.20 per share. Capital expenditures for the year are expected to be between $22 and $26 million. Second quarter revenue is expected to be between $40 and $42 million. In the second quarter of 2014 Netflix revenue was 13% of total revenue or $5.4 million.
Not only that LVLT are. $11.5 Billion in debt!Go figure.