I am glad you are no longer there. If you miss the fact that HopTo for Work is the only revenue generating product on the new platform and it has yet to ship then any sarcastic observation that HopTo has yet to generate any revenue is moronic
You think these crooks care about exisitng long shareholders? They drive the stock down (ATM) to let themselves get cheap options ... like the 175K options for new COO who, btw who gets a base salary of $300K who btw has already taken a hatful of comp as a consultant.
They introduce the ATM so that "funds" can get in w/o driving the stock price up. Translated this means "do you really think we care about existing shareholders?" After all in America the way it works is that the more people want in, the higher the stock goes up ....but not VRML. The leadership purposley want to keep it down. For friends? For family?
And all these new expensive hires. What does the CEO do? Company thinks its GE.
Wake up guys ....
wow - please elaborate why so. The way I view it is that this is almost a new company with an entirely new, very relevant, product, with great IP. Their legacy offerings provide great access to market through existing reseller network. First $$$ generating product on new platform - HopTo for Work - started shipping yesterday. Company committed to Q4 revenue from new HopTo for Work. Also new VP of sales has an impressive and relevant background.
toothpaste is out of the tube. 1) IBM, HP and others ave ben kicked out of Iusacell 2) A ton of consultants have been let go 3) During all this the CEO knows he was negotiating with AT&T yet chose to give quotes for ETAK press releases 4) AT&T wont be completing this acquisition any time soon
toothpaste out of the tube. Way, way too difficult to put it back. If the company wanted such an option they would have not chosen ETAK and began its implementatiion with a 5 year agreement
hopefully exchange will now remove compliance hold. Balance sheet much improved, growing revenues, growing EBITDA #s etc ...
stock not performing well Agreed. As to competitors having and using IZEA's technology - well that's simply not true IMO. Please do provide examples ...
Clearly there is stuff going on in this area (Patents): below are two segments from the Q3 2014 earnings call transcript. The first part was in the script - the second a Q&A
We've been granted U.S. trademarks for the term Native Ad Exchange, IZEAx and IZEA Exchange, and eagerly anticipate comments from the USPTO on our patent application for the platform.
The final question is that clearly the new IZEA platform is very rich, very powerful, very forward-thinking, industry leading. How would you characterize the IP and patent work you guys have towards that?
Edward Murphy - Founder, Chief Executive Officer and Chairman
I think that we're in pretty good shape. Obviously, we don't know until we get further down this process, and unfortunately it is a very long process. But the firm that we're working with is absolutely phenomenal. And I feel like we're going to be in a pretty good shape. I mean what's important to understand is that a lot of what's actually covered in that patent application has not even then realized yet inside the actual system. So it is much broader than the current implementation of the platform.
And as I was creating that patent application and getting the ideas down, I was really looking towards what this thing look like four or five years from now. So we still have a very long roadmap of features and functionality. We've got a lot of great ideas that are all done generating additional revenue. And I feel very strong that we will be successful on at least parts of that application process.
Interesting. Is it a simple exchange that that ties into APIs? Is that it? If that was the case is it not surprising they applied for patent(s) for IZEA platform and are "eagerly awaiting" to hear from US PTO?
Cash spend I suspect was caused due to investment of the platform and hiring of sales people. The goal I suspect is to get a material ROI on that investment in next 90/180 days.
Certainly you could run this company as a lean cash making machine but in that model you would not have the legs to materially grow the revenue. I assume you are tracking the revenue growth (even before the new IZEA platform kicks in)?
I do find Ted's omnipresence in other forums annoying when the stock price is sucking wind. It's part of the overall strategy I am sure.
I like to focus on fundamentals. The company has made material investments to feed profitable revenue growth. It seems there are encouraging signs. Time will tell....
me too. What is going on I wonder .... Recent increase in volume is interesting. Also insider buying
I have spoken to Ted and another snr employee -they are not worried about the case.
You speculate that customers "tend to get &^%$ by Izea's pricing structure". If I may, this is speculation. There is little or no evidence to support this given revenues and bookings continue to grow.
Furthermore the new platform has been rolled out in October. Not sure what visibility you may have of this. The white label strategy that is enabled by this new platform is very interesting. All partners - and officially there are I think 18 as per the last call - can now do all that IZEA provides in their own image. Pretty attractive I would imagine to big brands.
So long as fundamentals continue to improve, and protected IP established for elements of platform (patents) I think this is a great investment. And certainly at these crazy low levels. Recall they raised a healthy chunk of $$$ in Feb 2015 at 35c !!!
In 2 years they have raised good money that has enabled them to focus on the business. They have build AND DEPLOYED BY SEPT 2014 a new platform. They have increased sales resources materially. Throughout this period revenue has increased as has reach. Let's see how Q4 and Q1 15 goes. You say this is going nowhere. I say the opposite. Let's see ...
garbage. Company increased Q3 revs by 23% in Q3 while replacing old platform with new and investing in more sales resources. The increase in costs are new platform related and increases sales headcount. these are investments. Let's see how Q4 and Q1 goes.
You can buy IZEA at a valuation of sub $11M. This is a gift ...
one the board members is an IP guru - that's why he is on the board. Google John Cronin. He is also chairman of ipCapital group - google them also. He spent 17 years at IBM as a leading light in IP. HPTO has very many and significant patents. Specifically HPTO has: (1) 17 patents approved and granted (2) 78 individual patent families and (3) 135 - one hundred and thirty five - patent applications pending
Q4 is the first qtr with new platform. Also the qtr with most sales activity (sales people). Let's see how Q4 pans out wrt revenue. Ditto Q1 2015. I do think partnerships are significant. I also think there is a lack of appreciation of the opportunities that partners provide wrt white labeling. I think this will take some time to curate into BIG revenue but there will be good progress. Recall from last earnings call IZEA has 18 partners (CBS etc..) I have been in IZEA for a little less than a year and am underwater. That said I am comfortable re direction of the company and considering breaking by personal percentage allocation rules to invest even more in IZEA at these crazy valuations. make no mistake this is tax selling.
The company has grown last 2 qtrs in a material way while transitioning to new platform and adding sales people. Company has applied for patents. It is in a good space with little real competition.
IMO, as stated above, buying at a valuation of approx $10M is too compelling. You may recall that there annualized revenues are already at $10M pretty much. This is indeed the holiday season