Advertisement
Advertisement
U.S. markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Symbolic Logic, Inc. (EVOL)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
1.4900-0.0800 (-5.10%)
At close: 03:59PM EDT
Advertisement

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.

Sign in to post a message.
  • A
    Anonymous
    just another shearing
  • P
    Philip
    Are you paying attention SEC? Let us not forget that although Ms. Singer, the mom, is the trustee of the Singer Children Family Trust, Julian Singer is one of the beneficiaries of the trust. Julian Singer was also the largest shareholder of CCUR Holdings Inc when it went private. So Julian Singer's interest has not changed by swapping shares of Symbolic for shares of CCUR Holdings Inc.
  • D
    DavidB
    EVOL has $30M cash. Cash is cash and it belongs to shareholders of EVOL. EVOL board cant embezzle the $30M cash before going private. If they do embezzlement by setting the payment below $3/share when they go private , they may face jail time. This is true specially because there is an investigation of the Singers and Sticker by the SEC. There is also moral issue here. How they can look at their face in the mirror knowing that they are rich because they defrauded their shareholders
  • S
    Stockbard
    Looks like their "tender offer" failed. Only 1.5 million shares tendered. Singers did not get to the 50% ownership mark. I sold all mine when it became obvious they are stealing the company.
  • S
    Stanislav
    I told you: EVOL is is potential multibagger!
    1. EVOL is growing and profitable company. Fourth quarter revenues of $7.0 million, a $0.3 million increase from the fourth quarter 2019 revenues
    2.The Company reported operating income of $0.5 million and net income of $0.6 million for the fourth quarter ending December 31, 2020.
    3.EVOL reported 0,05 Earnings per share (EPS) for the fourth quarter ended December 31, 2020!
    4.Adjusted EBITDA for the fourth quarter ended December 31, 2020 was $0.8 million as compared to adjusted EBITDA of $0.4 million in the fourth quarter ended December 31, 2019.
    5. EVOL is a global company with 100+ customers in over 60 countries in five continents and only mildly affected by COVID-19. It's stronger now that when it traded above $10/share (https://seekingalpha.com/instablog/50857529-johnsoriaknows/5435772-evol-80c-result-in-significant-gains-for-patient-value-investors)
    5. EVOL has a business in a hot 5G
    6. Do your own DD.
  • P
    Philip
    Preliminary proxy statement for sale of operating assets filed with SEC on 10/29. It shows that PartnerOne provided written interest of intent on 4/8/21 to aquire all the shares for 40 million. Board of directors changed offer on 5/4/21 to sale of operating assets instead because their intent is to take Evolving System private at reduced market value once stock delisted from nasdaq
  • T
    T-Pain
    Broke even on declining revenues in Q4, then wrote off $17,800,000 of goodwill. Need some good news on "Evolution" and business development going forward.
    From their filing yesterday:
    We performed our annual goodwill impairment test as of July 31, 2018, at which time we had $25.0 million of goodwill. The fair value of the reporting unit was estimated using both market and income-based approaches. Due to a sustained decline in the market capitalization of our common stock during the fourth quarter of 2018, we performed an interim goodwill impairment test in accordance with the provisions of ASU 2017-04. The outcome of this goodwill impairment test resulted in a non-cash charge for the impairment of goodwill of $17.8 million, which will be recorded in the consolidated financial statements for the year ended December 31, 2018.

    The company anticipates that, when filed, the Form 10K, will reflect total revenues for the year ended December 31, 2018 of approximately $30.6 million compared to total revenues of $28.8 million reported in 2017. The Company anticipates that it will show for the year ended December 31, 2018 an operating loss of $(16.0) million as compared to operating income of $5.4 million reported in 2017. The operating loss is primarily due to the goodwill impairment charge. Exclusive of the goodwill impairment loss, the Company anticipated positive results from operations.
  • S
    Stanislav
    EVOL is is potential multibagger:
    1. EVOL is profitable and growing company (Q3/2020)
    2. EVOL has a business in a hot 5G
    3. EVOL is a global company with 100+ customers in over 60 countries in five continents and only mildly affected by COVID-19. It's stronger now that when it traded above $10/share (https://seekingalpha.com/instablog/50857529-johnsoriaknows/5435772-evol-80c-result-in-significant-gains-for-patient-value-investors)
    4. EVOL is a thinly traded low float stock
    5. Do your own DD.
  • J
    Jobe
    Nice Earnings report. Margins were a little thinner, but to be expected given the merger related costs. Cash is up, revenues are up, eps is up, and integration continues. A really nice increase in earnings. SP should be popping. I added a few more shares ahs.
  • H
    Harry
    Nice buying this afternoon. Has to be Karen Singer again. Think I've figured out the gameplan. They announce Julian Singer will get paid a healthy fee to use the EVOL money as his own personal hedge fund. Knowing that shareholders won't like this development and sell their shares in disgust. Meanwhile Karen Singer is scooping up a bunch of those shares in the $1.70's and $1.80's. Then a few weeks/months from now, they announce that EVOL has decided to liquidate for $2.80+/share in cash. Any thoughts?
  • H
    Harry
    Well a tiny bit of good news. They're going to get the Q4 report out by next Monday's deadline. Not expecting much, but at least expectations will be low with the stock having crumbled to $1.20. Hoping to see a small Q4 profit, but maybe even that's ambitious.
  • T
    T-Pain
    Key phrase from the conference call:

    "In terms of sales, we continue working the channel with increasing effectiveness. You can expect more win announcements here shortly. "
  • T
    T-Pain
    "Evolving Systems launched Evolution at Mobile World Congress in February"
    and "In March, won over $7 million dollars in total contract value"
    ...they just need to do that every month!
  • F
    Fatal
    What exactly did management just sell? I'm trying to figure this out. Anyone ask management?

    sell all of the assets of its Customer Acquisition and Network Services division (‘Activation’) as well as its CVML and Loyalty Business (‘Marketing’) to PartnerOne Capital for a base purchase price of $40 million.

    Did they jut sell like the entire business?
  • S
    SeattleSlew
    Earnings to be released Aug. 14th after the close of the market with CC to follow. Will be interesting to see what the revenues look like, and how much they are investing for future growth. Definitely starts to get interesting with the price hovering around $2.50; just wonder why Singer etc. have NOT been buying over the past 3 months as this has been going down, given that they were buying at $5, $6 and $7 in their most recent spurt of activity a few years ago.
  • a
    amazon customer
    What's going on? my screen shows volume over 500K pre market with a high of 4.50?
    Bullish
  • P
    Preston
    Is this somehow connected to the BLIN activity? Strange volume & price goings on. Anyone?
  • S
    Stanislav
    Outlook 4Q 2020 and 2021, Evolving Systems, Inc. (NASDAQ:EVOL) Q3 2020 Earnings Conference Call November 11, 2020
    Mark Szynkowski - SVP, Finance: »The company was very excited to report operating profit of $0.4 million and net income of $0.1 million for the three months ended September 30, 2020 as compared to an operating loss of $0.3 million and a net loss of $0.2 million for the three months ended September 30, 2019.«
    Matthew Stecker - Executive Chairman and CEO: »Let me start this section of the call by reflecting on the reasons we have confidence in the business looking forward. Now that we've established a solid platform from which to grow and quite frankly have stopped the shrinkage we've experienced over much of the previous decade there is much to be optimistic about. Trends in the communications market are shifting very much in our favor.«
    https://seekingalpha.com/article/4388389-evolving-systems-inc-evol-ceo-matthew-stecker-on-q3-2020-results-earnings-call-transcript
  • B
    Bruno
    Im not sure why i put some money in here, thought 5G would make a difference.
    But now i feel more its a hobby club.
    Neutral
  • J
    Jeff
    Am I missing something on why this stock keep drifting downward? It doesn't seem to be deserving of such a drop. The company does make money after all.
Advertisement
Advertisement