Longman, good points, all. We are all basically stuck until the company can figure out how to grow revenue significantly.
jrwjr314, if you Google EDGAR (or use Yahoo's links) for CounterPath insider trading activity the story is actually pretty benign. Both Jones and Karp are purchasing small lots (hundreds, not millions) of CounterPath stock each month through a standard company program. This piddly amount of share buying hardly constitutes a take-over attempt. It doesn't even rise to a positive statement of insider confidence in the company's future.
Of course there were also stock options that go back many years, most of which are under water until the share price goes back up considerably.
I think the best indicator of the company's future is that Fidelity Fund is hanging on to their shares. I expect that the fund managers expect to make money on their investment, even if it has taken longer than they had planned. I'm sure they will key in on the 2016 Q1 earnings report due out mid September (after the upcoming 2015 10K and Q4 report coming out in 5-6 weeks).
CounterPath and EPB Partner to Provide Advanced UC Services to Businesses
Leading US Based Service Provider Selects Bria Softphone and Stretto Platform With Helpdesk and Analytics as the Underlying Technology for Its Hosted Unified Communications Offering
I agree. Recurring revenue is the name of the game. It is always a challenge for tech companies that are not outright service providers. You may develop and sell the next big thing widget, but then you have to keep finding ever more buyers indefinitely. Better to sell a service that the buyers become dependent on, and are willing to pay for every month forever.
Donovan's answer... maybe it's their "gateway" tech that takes a load off customer IT departments. All upgrades are seamlessly done without local time and effort, and customers don't have to fret about security issues.
We can hope that today's PPS pop has a substantive basis, unlike the last big one that seems to have been fueled by somebody's tweeting effort.
If you look at an annual price chart you will see that the PPS has been basing (a typical cup or saucer bottom pattern) for over three months. After today's run up I would expect a week or two of consolidation as the "handle" develops. Then another pop above a buck (gets NASDAQ monkey off our back) and then the real rally begins. One can hope...
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2015) - CounterPath Corporation (CPAH)(CCV.TO), a developer of award-winning over-the-top (OTT) Unified Communications solutions for enterprises and operators, today announced its Bria softphone Software Development Kit (SDK) has been deployed by Denmark's Global Voice Recording to enable the voice elements of its Bella voice calling and compliant recording solutions which adhere to the highest requirements for security compliance in the banking, finance and insurance industries of both European and North American markets.
See entire PR for more specifics. Of course they don't mention revenue prospects...
The Alcatel-Lucent deal validates CounterPath as an industry leader. It will also lead to a relationship with Nokia (which is merging with ALU). Expect similar UC-related deals with Google and AT&T (if you read their recent PRs you will note a similarity in their text and CounterPath's "seamless connectivity" patent boilerplate. The company has turned the corner as it begins its 2016 fiscal year.
From the CounterPath corporate blog:
You have a great idea for innovative software. It might be latest in medical software. Or retailing. Or hospitality. One way to make your application’s experience even better is integrate high quality voice or messaging with your end users. You could spend a great deal of time trying to build these communications – and still not get it right. Unless communication is your core skill set, building these tools is very difficult.
A strategic way to your achieve goals is to focus your development team on innovations that are core to your software’s value proposition – and quickly integrate CounterPath’s SDK to provide rock-solid communications functionality. Various companies have used the CounterPath SDK to achieve these goals.
For example, AT&T Foundry used the SDK to integrate communications into an automobile head unit. AT&T developers were able to quickly prototype the solution. They focused their development team on design and user interface issues. For the voice communications functions, they had several options for a SIP based VoIP softphone. However, after researching their options, they decided on CounterPath’s SDK. Its sample code and help desk support made the SDK integration a one day chore – leaving more time for the development team to focus on product innovation tasks.