I think you are wrong...
There is no way Click is in play where The CEO and his wife dump huge amounts of shares....
You can say anything about Ben Bassat, stupid he ain't.
Cloud subscription revenue w#$%$67 million for the quarter. The annual recurring revenue to start fiscal 2015 is just $22.7 million - well below the low end guidance of $26 million. In the third quarter, the cloud subscription revenue was reported #$%$35 million which means only $320,000 was added in the fourth quarter. Of the 22 customers added, 15 were cloud customers. So the average cloud subscription win in the fourth quarter was $21,333. Obviously, the large on-premise customer was not won.
I know who planted the sale story and why.
I know there is no substance behind that story thus decided to short.
The next time Click will post a profit will be in Q4 2015, if at all.
The exchange rates are working against it going forward.
My guess is that it will test the $7 in the very near term. All those who bought based on that story will have to sell.
See you guys at $7,
One more thing,
I know I can count on Moshe to dump 250K shares in the near future at any price.
Since Click is an Israeli company, insiders don't file S4, they file S-144.
Moshe Ben Bassat sold a total of 503K shares at prices of $7.58, $8.28 and $10.
His wife sold 200K shares on 11/14 at $7.26.
Hannan Carmeli sold 80K shares on 10/13 at $7.17.
Zacks is the worst and you know it. They had a sell at $7. The evidence is the stock is up a huge 6c !!
Q4 numbers were bad. Revenues were down YoY if you exclude the Xora revenues.
What really scared me was cloud revenues. If you exclude Xora's $4.5M in cloud revenues, Click's cloud revenues were 700K in Q4.
They claim they signed 55 enterprise cloud customers in 2014. How does it add up to 700K in revenues.
I guess those enterprise customers start with 10 users and keep it under 100 for a full year.
How Moshe could miss the low end of revenue guidance once again after the reiterated in November 2014?
The only reason to hold the stock right now is the false story in the Israeli paper.
No wonder I make money.
I'm competing with people without reading comprehension.
Where did I say XOOM? I never heard about it until Flying mentioned it.
I said MODN which is similar to MOON.
You guys make me lough so hard....
Another post without merits.
Xora was purchased for 16M-18M, Yes they generate 16M-18M in revenues.
The sad part that you are overlooking is that Xora is losing 4M-5M per year.
They had 150 employees when they were purchased, about 100K in revenues per employee.
A profitable software company should have 250K+ in revenues per employee.
No wonder they were cheap,
Moshe has different plans than most share holders.
He is planing to get tons of options until 2017.
His master plan calls for $100M in ARR in 2017 then he would cash in.
Until 2017, he is happy if the shares linger around $7 so he can get more options on the cheap.
Enjoy your wonderful CEO,
If the results Click reported are without a competition, that's very scary !!
Revenues down YoY with no competition? Imagine if there was a competition.
Starting Q2 the copms will be very tough. They will include Xora revenues from last year and they will show no growth at all.
I was replying to a previous message about selling the company @ $18.
Moshe has no plans to sale the company prior to 2017. The BOD are his puppets and basically he can do whatever he wants.
As some here mentioned the fact that I don't have financial interest in Click I should not post here.
I decided to take their advice and decided to move on.
Good luck (You may need it),
I guess the key word in your statement is "Wait"....
BTW, for those who asking why I'm posting again, I established a small position.
I hate to disappoint you... I shorted 10K on that crazy run to $8.45 last week.
If it breaks $8, we can test $7.5 quickly,